247 Local Media247 Local Media

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Few Common Issues That Occur While Transporting a Car

    February 3, 2023

    An Overview of Online Casinos vs Traditional Casinos

    December 8, 2022

    Types of Specialists for Erectile Dysfunction

    October 31, 2022
    Facebook Twitter Instagram
    • Home
    Facebook Twitter Instagram
    247 Local Media247 Local Media
    Subscribe
    • Home
    • Automotive
    • Business
    • CBD
    • Crypto
    • Education
    • Entertainment
    • Fashion
    • Finance
    • Health
    • Home Improvement
    • Law \ Legal
    • News
    • Shopping
    • Sports
    • Technology
    • Travel
    • Contact US
    247 Local Media247 Local Media
    Home»Business»American Airlines offering pilots raises of up to $64K during labor crunch: report
    Business

    American Airlines offering pilots raises of up to $64K during labor crunch: report

    By July 4, 2022No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    American Airlines offering pilots raises of up to K during labor crunch: report
    Share
    Facebook Twitter LinkedIn Pinterest Email
    American Airlines offering pilots raises of up to K during labor crunch: report

    [ad_1]

    American Airlines is offering its pilots a major pay bump and other concessions as it aims to overcome shortages that have exacerbated flight disruptions in recent months.

    CEO Robert Isom revealed that American’s latest contract proposal would bump their pay by 17% — with $2 billion in additional compensation for its roster of 12,700 pilots.

    In a video message to staffers Thursday, the American Airlines boss reportedly said the deal also includes “significant improvements to scheduling-related and quality-of-life items” — a key sticking point for pilots who have grumbled about deteriorating work-life balance during a recent surge in travel demand.

    The proposed terms would increase maximum pay for pilots of narrow-body planes by $45,000 to as much as $340,000. Wide-body jet pilots can earn as much as $64,000 more, for a maximum annual salary of $425,000, Isom said, according to the Dallas Morning News.

    The contract terms are subject to approval by a pilot vote. Isom said American Airlines would offer additional signing bonuses and retroactive pay if an agreement is reached by Sept. 30.

    American Airlines
    American Airlines offered pilots to bump their pay by 17 percent.
    AP

    American’s offer also includes boosts to retirement savings accounts and profit-sharing terms, according to the report.

    The Post has reached out to American Airlines and the Allied Pilots Association for further comment.

    Pilot shortages are one of several factors contributing to ongoing travel chaos across the United States that has resulted in thousands of flight cancellations in the last few weeks alone. Airlines are struggling to ramp up services after the industry effectively ground to a halt during the COVID-19.

    American Airlines
    American Airlines has dealt with a pilot shortage.
    AP

    Last month, American Airlines cited a pilot shortage in its decision to end service to four airports located in New York, Iowa and Ohio, according to multiple reports.

    American Airlines pilots’ efforts to secure a better deal included a recent protest outside the New York Stock Exchange.

    CNBC reported that pilots for Delta Air Lines, Southwest Airlines and Alaska Airlines have all picketed in recent days while pressing for better pay and benefits.

    United Airlines offered similar contract terms to their pilots in May. Isom reportedly noted that American’s offer was meant to match that deal.

    Flight disruptions are under close scrutiny ahead of what is expected to be a busy Fourth of July travel weekend.

    American Airlines
    American Airlines is aiming to address recent flight disruptions.
    REUTERS

    Earlier this week, Delta CEO Ed Bastian issued an apology to customers while referring to cancellations and delays as “unacceptable.”

    Delta also waved rebooking fees over the holiday weekend as it warned customers of “potentially challenging” conditions.

    [ad_2]

    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Few Common Issues That Occur While Transporting a Car

    February 3, 2023

    Beyond Meat, Impossible struggle due to ‘woke’ perception: analysts

    September 26, 2022

    Developer hustles to build ‘Bustle’ in Penn Station area

    September 26, 2022
    Add A Comment

    Comments are closed.

    Editors Picks
    Recent Posts
    • Few Common Issues That Occur While Transporting a Car
    • An Overview of Online Casinos vs Traditional Casinos
    • Types of Specialists for Erectile Dysfunction
    • When students’ basic needs are met by community schools, learning can flourish
    • Walmart and Target Are Hiring 140,000 Seasonal Workers
    Archives
    • February 2023
    • December 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • September 2021
    Facebook Twitter Instagram Pinterest Vimeo YouTube
    • Home
    © 2022 - 247 Local Media- All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.