Keith Fitz-Gerald, director of the Fitz-Gerald Group, discusses the Boeing machinists’ strike, his market outlook, and the Fed’s upcoming coverage assembly.
- American Airlines and its flight attendants have agreed to a brand new five-year contract.
- The Association of Professional Flight Attendants mentioned that with 95 p.c of flight attendants eligible to vote, 87 p.c supported the brand new settlement.
- The new contract consists of industry-leading wages, off-year pay will increase, lengthy layover allowances, and addresses many quality-of-life issues that flight attendants have championed.
American Airlines flight attendants have signed a brand new five-year contract with the airline, the Association of Professional Flight Attendants (APFA) mentioned Thursday.
With 95 p.c of flight attendants eligible to vote, 87 p.c favored the brand new settlement, the union mentioned.
Over the previous two years, unions within the aerospace, development, airline and rail sectors have referred to as for increased wages and higher advantages in a tricky labor market.
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Flight attendants additionally referred to as for an finish to the {industry} apply of not compensating crew for time spent boarding and ready on the airport earlier than and between flights.
An American Airlines industrial airplane flies over Washington, D.C., because it approaches Dulles International Airport, August 5. (Reuters/Umit Bektas/File picture/Reuters)
“Among many enhancements, the contract features a new compensation system for lengthy layovers, and American Airlines flight attendants turn into the primary unionized labor group to dam boarding pay,” mentioned APFA National President Julie Hedrick.
The settlement, reached in July, consists of instant wage will increase of as much as 20.5%, in addition to retroactive pay to compensate for the time spent on negotiations.
In addition to industry-leading wages, the brand new labor settlement consists of off-year pay will increase and addresses many quality-of-life issues confronted by flight attendants, the union mentioned.
Contract negotiations started in January 2020, however had been interrupted on the peak of the pandemic, solely to renew in June 2021.
