American Airlines is preparing to offer better pay and benefits to its pilots following an industry-changing contract approved by rival Delta Air Lines at the beginning of March.
is reportedly preparing to offer its pilots similar benefits recently announced by rival Delta Air Lines.
On Tuesday, Reuters reported that American Airlines CEO Robert Isom told pilots that matching Delta's new offerings will result in a contract worth more than $7 billion for them through increased pay rates and profit sharing.To match Delta's deal, which went into effect last Thursday, Isom said American pilots would receive an average pay increase of 21% in the first year of the contract – total pay increases in the fourth year would be 40%.
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport in Miami, Florida. Last Wednesday, Delta's 15,000 pilots approved of an agreement that would result in a 34% increase in pay raises over four years, ultimately costing the company around $7 billion.
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