The CEO of American Airlines says he is ready to give pilots raises and higher retirement contributions that would average 40% over four years to match a...
DALLAS — The CEO of American Airlines AAL says he is ready to give pilots raises and higher retirement contributions that would average 40% over four years to match a contract recently approved by pilots at Delta Air Lines.
By the end of the agreement, Robert Isom said in a video to pilots, a top-scale captain on a plane like a Boeing 737 would make $475,000 a year in salary and retirement-plan contributions, while a senior captain on a larger plane such as a Boeing 777 would earn $590,000 a year. The strike-authorization vote will be largely symbolic because federal law makes it nearly impossible for airline unions to conduct legal strikes. However, it illustrates the leverage enjoyed by the best-paid workers in the airline industry. Airlines have struggled with pilot shortages since they encouraged thousands to take early retirement when travel collapsed early in the pandemic.
The Delta DAL deal was stunning — Isom called it “unprecedented in the history of collective bargaining.” It put immediate pressure on American, United UAL and Southwest LUV , which are still in negotiations with their pilots, to match Delta’s terms.
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