Alaska Air Flight Attendants Are Set for 32% Increase in Pay [BNN Bloomberg (Canada)]
American Airlines Group, Inc. (AAL)
Last american airlines group, inc. earnings: 4/30 07:30 am
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Source: BNN Bloomberg
The Association of Flight Attendants Alaska disclosed further details of its tentative three-year agreement, which, among a slew of improved changes to remuneration and conditions, includes around 21 months of retroactive pay. The initial agreement avoids a costly showdown with workers in the near term, a boon for the airline as the profitable peak summer travel period gets underway. A deal could have broader implications for larger rivals American Airlines Group Inc. and United Airlines Holdings Inc. as unions seek similar bumper increases. A formal deal still needs to be ratified by the full membership. Voting will take place later this month and conclude on Aug. 14. Southwest Airlines Co. secured a four-year agreement with its cabin crew in April that provided an initial 22.3% pay rise, followed by annual increases of 3%. The labor contract is worth $6.3 billion, and flight attendants will get $364 million in retroactive pay as part of the agreement. ©2024 Bloomberg L.P.
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