Delta Air Lines pilots protesting in June.The hefty pay raises are expected to further worsen cost pressures for carriers just as concerns over a US recession spark worries aboutAlthough ticket sales remain strong, investors fear travel demand could slip, making it harder for a debt-laden industry to repair its balance sheet. They fear carriers might be forced to borrow even more money to fund operations.
In a memo to its members, the union representing Delta pilots said the deal represents more than $7.2 billion of cumulative value increases over the next four years. Hundreds of United pilots picketed outside Chicago’s O’Hare airport on Thursday, asking for an “industry-leading” contract. Last month, they turned down an offer that included more than 14.5% cumulative wage increases and enhanced overtime and training pay.REUTERS
unions getting big raises, bonuses, etc. while the middle class non union workers are stagnant in all of the above.
Likewise, Delta raised the airfare for passengers.