American Airlines offers to double some flight attendants' pay over 5 years as it works to avoid strike [Fortune]
American Airlines Group, Inc. (AAL)
Last american airlines group, inc. earnings: 4/30 07:30 am
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Source: Fortune
The deal includes an immediate 18% pay increase, and boarding pay. Some flight attendants, such as those who have been working for seven years, could see pay scale increases of 120% over five years, according to a chart from the union, the Association of Professional Flight Attendants (AFPA), which hailed the contract's “leading industry rates” in a letter to members. American's 28,000 flight attendants still must vote on the agreement for it to be enacted. If the deal is accepted, all would see an immediate pay raise of at least 18%, with the scale rising over the years. A flight attendant in their first year, who makes $30.35 per flight hour now, would immediately begin making $35.82. After five years, a first-year attendant will make $40.42, an increase of about 33%. “Flight Attendants across the industry have demanded fair compensation for all their time at work,” the union wrote. “We vowed to take on American Airlines management, to fight for the best contract we could achie
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AAL
Earnings
- 7/25/24 - Beat
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Sec Filings
- 8/1/24 - Form 4
- 8/1/24 - Form 3
- 7/31/24 - Form 8-K
- AAL's page on the SEC website