American Airlines and the union that represents its pilots have reached a new agreement in principle.
Some of the new proposed elements of the contract are contingent upon the ratification of the United deal. That includes pilot pay rates increasing to match the United and Delta pay rates, pay increases adjusting from the former May 2 date to the preceding Jan. 1 of each respective year during the contract and more.The contract’s increases to 401 contributions will adjust to Jan. 1, 2024, and Jan.
1, 2026, also contingent on the United deal’s ratification.These pay raises could significantly impact consumers and their summer travel plans. The two biggest costs for a carrier are fuel and wages“We appreciate the Allied Pilots Association for its collaborative work to reach an updated agreement on a four-year contract for American’s pilots,” said Sarah Jantz, spokeswoman for American Airlines. “It’s a contract we’re proud of and one our pilots deserve.
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