Three U.S. airlines on Wednesday warned of higher fuel costs in the third quarter due to a jump in crude prices, adding to pressures the industry faces from expensive labor contracts.
25.08.2023 - 13:51 / skift.com / Delta Air Lines / Robert Isom / United Airlines
Pilots at American Airlines are “near” reaching a comprehensive agreement in principle with the company on a new contract, according to a pilot union memo seen by Reuters.
In an update to its members after three weeks of “intense” negotiations, the Allied Pilots Association (APA) said every aspect of the new contract has been “placed on the table, discussed, negotiated, and costed.”
The union, which represents over 13,000 pilots at the Texas-based carrier, said the company has committed to “match” industry-leading compensation for pilots and provide resources to improve the quality of life and work rules.
American pilots, who received their last pay increase in 2019, have been protesting for a new contract. The APA is holding a strike authorization vote this month to put pressure on the company to fast-track the contract negotiations.
Both American Airlines and United Airlines have promised an “industry-leading” contract to their pilots.
They are now facing calls from their unions to deliver on that promise after pilots at rival Delta Air Lines ratified a new contract that includes over $7 billion in cumulative increases in pay and benefits over four years.
“Every day that passes is a day our pilots labor under a sub-standard agreement that is problematic to both our careers and the certainty of American Airlines’ operation,” the APA said.
American Airlines Chief Executive Robert Isom has said the company is prepared to match the pay rates and profit-sharing formula that Delta has provided in its new pilot contract.
Three U.S. airlines on Wednesday warned of higher fuel costs in the third quarter due to a jump in crude prices, adding to pressures the industry faces from expensive labor contracts.
Jack Ieronimo was one of the people on a United Airlines flight from Newark, New Jersey, to Rome, Italy, that made headlines after passengers said they were stuck onboard for seven hours without taking off.
The new contract will deliver more than $9 billion of compensation and quality-of-life benefits to American’s 15,000 pilots.
The deadly wildfires on the island of Maui are likely to affect visitor — and airline — demand to the island for the “foreseeable future,” analysts at T.D. Cowen said Friday.
The world’s biggest airline is ready for Thanksgiving, having already battled through several hurricanes in recent months.
Airlines around the world are ripping up schedules and bringing in new flights to cope with a COVID-triggered trend in corporate travel for executives like Jerome Harris – the scrapping of one-day business trips in favour of longer stays.
Mesa Airlines said late Saturday it is finalizing an agreement to operate regional flights for United Airlines after an announcement it will wind down flights for American Airlines early next year.
It’s not often that travelers have something to look forward to at Newark Liberty International Airport. The new $2.7 billion Terminal A will open in December, the latest in a series of major airport projects opening around the U.S. this year.
The inaugural Skift Aviation Forum welcomed Robert Isom, the CEO of American Airlines, as its first speaker at the Statler Hotel in downtown Dallas. During the interview he shared how the world’s biggest airline was prepared for the upcoming Thanksgiving vacation, and already looking ahead to the future with a focus on recruiting and training pilots, and staffing the carrier back up.
U.S. airline profits are set to come under pressure in 2023 as they look to shell out more cash to retain pilots amid worries about the impact of a potential recession on travel demand.
Despite a number of constraints in the aviation industry, American Airlines has achieved a full year of profitability for the first time since 2019.
Former American Airlines CEO Doug Parker will step down as chairman and leave the carrier’s board of directors in April. The move ends his decade-long tenure in at the airline that began in 2013 after he successfully orchestrated American’s merger with US Airways.