American Airlines CEO vows to hike wages

American Airlines CEO vows to hike wages

Jun 17, 2022

483 Views

0 comments

Robert Isom, American Airlines CEO said this week that the company will revise its pay proposals for 14,000 of its pilots, acknowledging the increased pay standards since the company made its most recent offer before the pandemic. The Texas-based airline had previously floated a 4% date-of-signing increase plus 3% annual raises after that. But it was put on hold due to the pandemic. In a video message to pilots posted on Monday, Isom said, "It was industry-leading at the time we proposed it. As the pandemic wanes, the standard for compensation has gone up."


Isom's message comes just two days after two of American’s subsidiaries, regional carriers Piedmont and Envoy, extended big raises to their pilots. This included a temporary 50% pay hike through the end of August 2024, in hopes of easing a pilot shortage that has curbed growth plans. Meanwhile, United Airlines became the first major carrier in the pandemic to reach a contract deal with its pilots' union. 


Pilots at American Airlines and those at other carriers, including Delta's have been picketed in recent months to protest the grueling schedules airlines have planned to capitalize on the rebound in travel demand. A spokesman for Allied Pilots Association, American's pilots’ union said that the company will have to do more than raise wages. He added, "There is no work-life balance."


Source: CNBC

Previous days news

Comments

    Article
    Let's Talk about the Hustle Economy

    With the COVID-19 outbreak, it has increased manifold, owing to the rise in remote working. It’s be ...

    Tips to Write Job Descriptions That Will Attract the Best Candidates

    Just as the candidates need the right jobs to secure their future, the companies also need the righ ...

    I-9 Compliance for Remote Employees - A Guide for Companies

    More than 50% of the US workforce is working remotely as of now. According to experts, about 25-30% ...

    COVID-19 - 6 Challenges Staffing Firms Are Likely to Face

    Most industries have severely suffered in the ongoing pandemic with a few exceptions, like healthca ...

    Show more news