United Airlines Intends To Accelerate 5% Pay Hike For Pilots: Report - United Airlines Holdings (NASDAQ:UAL)

United Airlines Holdings Inc UAL seeks to move forward a planned 5% pay hike for its pilots to December in a show of good faith.
United decided to speed up the raise based on its financial results through September, Bloomberg reported, citing a letter sent by the senior vice president for flight operations, Bryan Quigley.
The pay hike was actually scheduled for May in a previous agreement reached between the pilots and the airline.
The move comes amidst tensions among labor unions of the largest U.S. carriers for reaching new work agreements.
United pilots rejected its contract offer earlier this month.
Also, Delta Air Lines, Inc. DAL pilots approved a strike authorization, and union leaders at American Airlines Group, Inc. AAL voted down a proposed deal that would have increased pay by 19% over two years.
Price Action: UAL shares are trading higher by 1.08% at $44.81 on the last check Friday.
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