Delta offers pilots major pay increase as aviation industry deals with staffing shortages

  • 📰 nypost
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Delta offers pilots big pay increase as travel demand booms

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 91. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines