United Airlines Intends To Accelerate 5% Pay Hike For Pilots: Report

  • 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.
  • Photo Via Company
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