Delta Offers Pilots 34 Percent Pay Rise Over 3 Years
"); jQuery("#212 h3").html("
"); });
2022-12-03 HKT 12:19
Delta Air Lines has offered a 34 percent pay increase to its pilots over three years in a new contract, according to a draft agreement seen by Reuters.
The pilots will get a raise of at least 18 percent raise on the date the contract is signed, another 5% after one year, 4% after two years and 4% after three years, it says.
If the deal is approved, it is widely expected to act as a benchmark for contract negotiations at rivals United Airlines and American Airlines.
Delta pilots have been working without a new contract for nearly three years after their old contract became amendable in December 2019, fuelling frustration.
They voted overwhelmingly in October voted to authorise a strike if negotiators could not reach an agreement on the new contract. (Reuters)
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more