United, Pilots Agree in Principle to New Labor Deal
- Airline sees ‘meaningful pay raise,’ improvements if ratified
- Proposed deal worth about $10 billion in value, union says
United Airlines pilots picket outside San Francisco International Airport in May.
Photographer: Ting Shen/BloombergThis article is for subscribers only.
United Airlines Holdings Inc. and its pilots’ union reached in principle a new labor agreement that is the richest ever at a US carrier, ending more than four years of negotiations.
The agreement will result in about $10 billion in value over the life of the contract, the Air Line Pilots Association said in a statement Saturday. The deal will provide pilots a pay raise of 13.8% to 18.7% upon signing and amount to a cumulative increase of as much as 40.2% over the life of agreement, according to the union.