Delta Air Lines' offer to give pilots a 34% cumulative pay increase in a new four-year contract has boosted hopes of similar raises at rivals United Airlines , American Airlines .
an offer that included more than 14.5% cumulative wage increases and enhanced overtime and training pay.Some airline executives are concerned that hefty pay raises for pilots would inflate fixed costs and make it tougher to repair debt-laden balance sheets.
Strong travel demand has been allowing airlines including Delta to mitigate inflationary pressure with higher fares. But Colin Scarola, an analyst at CFRA, does not think Delta will be able to fully offset wage increases with ticket prices as the industry is "so intensely competitive."
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Delta Offers Pilots 34% Pay Hike — Signaling Higher Airfares To Come In 2023In another sign of the leverage that unions wield during an industry-wide labor shortage, Delta Air Lines has offered its pilots a 34% pay increase over three years in a new contract.
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Delta offers pilots major pay increase amid staffing shortageIf the deal is approved by Delta pilots, it is widely expected to act as a benchmark for contract negotiations at rivals United Airlines and American Airlines.
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Delta, pilots reach labor deal with 34% pay hike | CNN BusinessDelta Air Lines has offered a 34% cumulative pay increase to its pilots over three years in a new contract, demonstrating the bargaining power aviators are enjoying in a short-staffed industry with booming travel demand.
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Delta Offers Pilots 34% Pay Hike — Signaling Higher Airfares To Come In 2023If the airline's pilots approve the deal, it is expected to cause a domino effect at fellow legacy carriers.
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Delta is making it harder to get into its airport lounges after they were flooded by travelersDelta is clamping down on access to its airport lounges starting next year. lesliejosephs has the details.
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Explainer: Why U.S. airline pilot wages are outpacing global risesDelta Air Lines has offered a 34% cumulative pay increase to its pilots over three years in a new contract, in a deal widely expected to become a benchmark for negotiations at rivals United Airlines and American Airlines .
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