American Airlines Pilots Approve New Contract That Includes a 46% Compensation Boost

American Airlines pilots have approved a new contract that includes more than $9.6 billion in total pay and benefits increases over four years, reflecting the bargaining power held by pilots in an era of airline staff shortages.

The Allied Pilots Association (APA), which represents 15,000 pilots at the Texas-based carrier, said on Monday that 72.7% of the pilots voted for the deal which will result in an immediate pay raise of more than 21%.

Overall, compensation for pilots at the airline will rise by more than 46% during the contract’s duration.

Read the source article at Yahoo