American Airways provides pilots larger raises in new contract proposal

American Airways‘ pilots union is weighing a proposal for larger raises in a brand new two-year contract proposal, the newest try and seal up a labor deal on the nation’s largest airline.

If authorized by the union’s board and ratified by the airline’s 15,000 pilots, aviators would get 12% raises on the date of contract signing, plus 5% after one yr, and a pair of% after two years, in line with a duplicate of the settlement in principal. The overall can be larger than the raises American supplied in June.

Extra senior captains would get about $432 an hour two years after signing, whereas new first officers would get near $110 an hour, in line with the preliminary settlement.

Airways are scrambling to get labor offers carried out with pilots, their highest-paid unionized workers, and different teams. American and the opposite largest U.S. carriers – Delta Air Strains, Southwest Airways and United Airways – have been in negotiations with their pilot teams for months, with the pandemic derailing talks as journey demand collapsed. FedEx pilots are additionally in contract talks.

“Getting our labor offers carried out is a really excessive precedence for our folks,” Southwest’s CEO Robert Jordan mentioned on an earnings name on Thursday.

Pilots are briefly provide and regional airways, the place the scarcity is most acute, have raised wages sharply this yr. These hikes included American Airways’ subsidiaries the place pilots bought 50% will increase by way of August 2024.