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

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<span>© Reuters. FILE PHOTO: An American Airlines plane sits at a gate at Logan Airport ahead of the July 4th holiday in Boston, Massachusetts, U.S., June 28, 2023. REUTERS/Brian Snyder/File Photo</span><br />
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<p>(Reuters) – American Airlines (NASDAQ:) Group Inc on Friday said it raised the value of its contract offer to pilots by more than $1 billion to match a more generous deal at United Airlines after American’s union warned that ratification was in jeopardy.</p>
<p>The Texas-based carrier said the changes bring the total value of the four-year proposed contract to $9 billion. Its pilots are due to vote on the deal on Monday.</p>
<p>American said it would match the pay rates and retroactive pay in United’s tentative agreement reached July 15 and provide extended sick leave and increased life insurance.</p>
<p>United’s pilots will get cumulative 34.5% to 40.2% pay raises in that four-year agreement. </p>
<p>The Allied Pilots Association (APA), which represents American’s pilots, warned on Sunday that ratification was in jeopardy. Dennis Tajer, a spokesman for the union, said earlier this week that United’s pilots would earn at least 2% more than their 15,000 counterparts at American. </p>
<p>The union also said United’s back pay, days off for junior pilots and sick time were superior.</p>
<p>A shortage of pilots and increased public support for unions have given union negotiators greater leverage in contract talks. </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/american-airlines-increases-offer-to-pilots-by-1-billion-matching-united-3131500">Source link </a></p><p>The post <a href="https://forextraderhub.com/american-airlines-increases-offer-to-pilots-by-1-billion-matching-united-by-reuters.html">American Airlines increases offer to pilots by $1 billion, matching United By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>