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December 07, 2012

American pilots approve a new contract

American Airlines pilots voted to approve a new contract with 73.78 percent in favor of the deal.

The new contract gives pilots pay raises and a 13.5 percent equity stake in exchange for more domestic code sharing and more regional jets in American's fleet.

The Allied Pilots Association said 96 percent of its membership cast votes. The union said 5,489 votes were cast in favor of ratifying the contract while 1,951 pilots voted against it.

"With [the ratification] we show that we're a unified pilot group, moving forward to work with the corporation, that we now have a 13 percent ownership stake in, to ensure that the corporation becomes a successful and viable carrier going forward," said APA president Keith Wilson.

A deal with the pilots helps American conclude a major part of its restructuring effort. The pilots were the airline's only union that had not agreed to a new cost-cutting contract, while mechanics, flight attendants and other work groups signed off on deals.

"We are pleased our pilots supported and ratified this agreement, which is an important step forward in our restructuring," said American senior vice president Denise Lynn. "The modernization of our company is well underway and we remain focused on emerging as a competitive, world-class airline."

In August, the pilots voted down an offer from American with 61 percent against and the head of the union stepped down.

-Andrea Ahles

 

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Comments

Sammie Sawee

So the merger with USAir is a go now??

Bud

Congratulations APA. Best of luck going forward

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