American Gets Post-Merger Boost as Pilots Back Contract
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American Airlines Group Inc. cleared a crucial hurdle in the 2013 US Airways merger as pilots approved a five-year contract that will provide an immediate 23 percent pay increase and annual raises.
The accord unites pilots from American and US Airways under one compensation and work-rule system, letting the carrier capture more efficiency from its combination. American has said the contract will add $650 million to pilot costs in 2015, including $50 million for retroactive pay to December 2014.