Proposed pilot contract would raise American’s 2015 labor costs by $650 million
A proposed contract with pilots would increase American Airlines Group Inc.’s 2015 labor costs by $650 million if approved by pilots, American told investors Monday.
In addition, retroactive pay raises to Dec. 2 would add $50 million to American’s 2014 expenses, the Fort Worth-based company said.
However, if pilots don’t approve the “joint collective bargaining agreement,” no increase in pilot labor costs are expected, the company said. The Allied Pilots Association told members Monday that two weeks of voting will begin Friday and conclude at 9 a.m. Jan. 30.
American also said its new flight attendant contract will add $200 million in costs in 2015, $80 million more than was disclosed in previous guidance.
Read more: http://www.dallasnews.com/business/airline-industry/20150112-proposed-pilot-contract-would-raise-americans-2015-labor-costs-by-650-million.ece
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