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American Airlines, pilots reach preliminary labor deal - TL;DR CNBC

American Airlines, pilots reach preliminary labor deal

Publishing timestamp: 2023-05-19 14:07:02


Summary

American Airlines and its pilots have reached a preliminary agreement for a new four-year labor contract after months of tense negotiations. The deal is likely to include big raises as the industry faces a pilot shortage and aviators seek better pay post-Covid-19 pandemic. The agreement will need to be finalized and approved by the union before being sent to American's pilots for ratification vote.


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Keywords: breaking news: marketstransportationunited airlines holdings incairlinesdelta air lines incfedex corpbreaking news: businessbusinesslabor economyrobert isomsouthwest airlines coaerospace and defense industrymarketsamerican airlines group incbusiness newslifetravel

Source: https://www.cnbc.com/2023/05/19/american-airlines-pilots-reach-preliminary-labor-agreement-.html


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