Connect with us

Hi, what are you looking for?

Stock

American Airlines flight attendants ratify new contract with immediate raises topping 20%

American Airlines flight attendants approved a five-year labor deal, ending one of the industry’s most contentious contract negotiations and giving cabin crews raises of up to 20.5% at the start of October.

Eighty-seven percent of the American Airlines flight attendants who voted approved the contract, the union said Thursday, shortly after polls closed.

“This contract marks a significant milestone for our Flight Attendants, providing immediate wage increases of up to 20.5%, along with significant retroactive pay to address time spent negotiating,” said Julie Hedrick, president of the Association of Professional Flight Attendants, which represents the carrier’s roughly 28,000 cabin crew members.

Flight attendants are the biggest unionized work group at the Fort Worth-based airline.

The contract deal is a relief for American Airlines’ leaders, which had faced a strike threat from flight attendants if the two sides could not get to a deal. Transportation Secretary Pete Buttigieg and Labor Secretary Julie Su had attended negotiations in June, overseen by the National Mediation Board. More than 160 lawmakers have also pushed the NMB to get to deals across the airline industry.

“Reaching an agreement for our flight attendants has been a top priority, and today, we celebrate achieving this important milestone,” American Airlines CEO Robert Isom said in a statement.

Flight attendants, similar to other airline workers, have pushed for higher pay and other work-rule improvements after the Covid-19 pandemic derailed negotiations and the cost of living has skyrocketed in recent years.

United Airlines and its flight attendants’ union are still negotiating for a new contract, while Alaska Airlines cabin crew members recently rejected a tentative labor deal.

Other industries have also won higher pay in new contracts, some of them after strikes, such as in the auto industry and in Hollywood.

Some 33,000 Boeing workers are voting on Thursday on a new contract with 25% raises, which some workers have said they will reject. Boeing faces a potential strike if the deal is rejected.

This post appeared first on NBC NEWS

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Economy

    Gmatrixs ICO: Empowering Blockchain Game Development with New Solutions   The game industry has long recognized the importance of a robust game Publishing Platform,...

    Editor's Pick

    The Internet of Things (IoT) is becoming increasingly ubiquitous. Yet, with more devices connected, the opportunities for businesses to innovate and improve their operations...

    Economy

    Morpheus ICO: Streamlining Global Logistics with MRP Token Morpheus.Network, a pioneering blockchain-based platform, has set its sights on revolutionizing the logistics industry. The company...

    Latest News

    North Carolina Republicans say they are closing in on a state budget deal, with top House and Senate leaders acknowledging on Monday an income...

    Disclaimer: Greycardinalbussiness.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Greycardinalbussiness.com