Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Regional carriers operated by American Airlines Group Inc (NASDAQ:AAL) intend to increase pilot compensation by 50% through the end of August 2024, the latest hint that airlines are willing to pay up in the hopes of ending a pilot shortage that has left some travelers with fewer flight options, reported CNBC.
- This will pressure other airlines, as the raise makes the regional airlines pilots the highest paid in the country.
- Related: United States Faces Severe Pilot Shortage, Searches For Solution: CNBC
- The temporary increments, including separate, permanent pay increases, will boost hourly wages for Piedmont Airlines' first officers in their first year of flying to $90 an hour, up from $51 an hour, according to the company.
- First-year captains will be paid $146 per hour, up from $78. The airline's CEO stated that the temporary price hikes could be extended if necessary.
- "Attrition of the regional pilots, particularly the captains, has really spiked to the point where we're not able to put our fleet in the air," Piedmont CEO Eric Morgan told CNBC.
- Price Action: AAL shares are trading lower by 10.40% at $13.17 on the last check Monday.
- Photo via Wikimedia Commons
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!