United Airlines pilots approved a new four-year contract that is the costliest ever at a U.S. carrier, providing a cumulative increase in total compensation...
“The journey that brought us to this day was long, difficult, and not without turmoil and upheaval,” Garth Thompson, chairman of the ALPA unit at United, said in a statement. “However, the journey also reinvigorated our union, reminding us of what we can accomplish through involvement and resolve.”
The pilots also benefited from the fact they were all negotiating at the same time, allowing them to push for similar terms in some areas.The multibillion-dollar agreement will boost United’s costs and be the most expensive ever for an airline labor agreement. Pilots will get an immediate pay boost of 13.8% to 18.7% upon signing the deal, followed by annual increases of as much as 5%. More than 200 improvements in the contract, including pay hikes, are immediate, the union said.
Total compensation, including retirement and other benefits, will increase between 34.5% and 40.2% depending on aircraft flown. Hourly pay for a 12-year captain flying the largest aircraft would rise to $428.56 in 2027, from $313.10 now. Labor and fuel compete to be the largest cost for airlines. A series of new agreements has pushed salaries, wages and benefits to the top spot, accounting for 44% of total costs, Conor Cunningham, a Melius Research analyst, said in a recent report.
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