Pilots at Delta and American will be getting big pay raises
American Airlines CEO tells pilots the carrier is prepared to increase pay to up to $590,000 per year
Delta’s pilots last week ratified a four-year contract with 34% in cumulative raises.
www.nbcnews.com
American Airlines is prepared to raise pilot pay to match that of Delta’s, including 40% cumulative increases in a potential four-year deal, CEO Robert Isom said in a message to pilots.
Last week, Delta became the first of the biggest U.S. airlines to reach a new contract with its 15,000 pilots. They ratified a four-year deal that grants them 34% cumulative raises and other quality-of-life improvements.......
“Let me be clear, American is prepared to match Delta’s pay rates and provide American’s pilots with the same profit-sharing formula as Delta’s pilots,” Isom said in the message to pilots, sent Tuesday and seen by CNBC.
An agreement could include 21% pay increases in the first year of the contract, Isom said. Factoring in higher 401(k) contributions by the end of a four-year deal, a captain flying narrow-body planes would make $475,000 at the top of the scale, up $135,000 from current pay, while the most senior captains of wide-body planes would make $590,000 per year, a $170,000 increase from today.