American Airlines increases offer to pilots by $1 billion, matching United

american-airlines-increases-offer-to-pilots-by-$1-billion,-matching-united
American Airlines increases offer to pilots by $1 billion, matching United

American Airlines Group Inc (AAL.O) announced on Friday that it has increased the value of its contract offer to pilots by over $1 billion in order to match the more generous deal offered by United Airlines (UAL.O). This move comes after American’s union expressed concerns about the ratification of the contract. The total value of the proposed four-year contract now stands at $9 billion. The pilots will vote on the deal on Monday.

To align with United’s tentative agreement reached on July 15, American has decided to match the pay rates and retroactive pay. Additionally, they will provide extended sick leave and increased life insurance.

Under United’s four-year agreement, their pilots will receive pay raises ranging from 34.5% to 40.2%.

The Allied Pilots Association (APA), which represents American’s pilots, has warned that the ratification of the contract is in jeopardy. The union spokesperson, Dennis Tajer, stated earlier this week that United’s pilots would earn at least 2% more than their counterparts at American. The union also highlighted that United’s back pay, days off for junior pilots, and sick time were superior.

The shortage of pilots and the growing public support for unions have given union negotiators more leverage in contract talks.

Reporting by Priyamvada C in Bengaluru; Editing by Cynthia Osterman

Our Standards: The Thomson RushHourDaily Trust Principles.

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