United Airlines pilots and the airline have reached a labor agreement on July 15, 2023. The agreement grants pilots a significant pay increase. Pay increases range from 34.5% to 40.2% over four years based on the aircraft type. The deal includes improvements to quality of life, compensation, job security, work rules, retirement, and benefits.
The agreement follows over four years of negotiations between pilots and United management. Pilots had previously rejected an earlier offer from the airline. The new deal is expected to cost United Airlines an additional $8 billion. The deal is necessary to attract and retain top pilots. It is also meant to keep up with the rising cost of living.
The agreement is subject to ratification by the pilots, but approval is expected. If approved, it will be the richest labor deal by a major American carrier. Key details of the new United pilots contract include pay increases, quality of life improvements, and job security enhancements.
The contract will cost United Airlines $8 billion over its duration. The new contract is a significant win for the pilots and reflects the strength of the labor market. It demonstrates United Airlines’ commitment to attracting and retaining top talent.
Here are some of the key details of the new United pilots contract:
- Cumulative pay increases of 34.5% to 40.2% over four years
- Improvements to quality of life, compensation, job security, work rules, retirement, and benefits
- Cost to United Airlines: $8 billion over the life of the contract
