Airlines are increasing salaries as a result of the pilot scarcity.
DETROIT (AP) — Given that airlines are struggling with a labor shortage, American Airlines is promising pilots salaries of over 17% by the end of 2024.
The plan, according to CEO Robert Isom on Thursday, would raise American’s pilot pay to the levels outlined in a tentative contract between the airline and its pilots. Isom promised that the airline’s employees “would be paid well, and compensated competitively, no matter what” in a video that was distributed to pilots.
Isom estimated that by the end of 2024, the captain of a Boeing 737 will get a base wage of around $340,000 annually. Senior pilots of larger aircraft, such as Boeing 777s, would get roughly $425,000 annually. He added that the business also provides a bonus for reassignments, an improved profit-sharing plan, and other extras.
Since travel is still recovering from the worst of the epidemic, American, a company with headquarters in Fort Worth, Texas, saw greater revenue this year despite losing $2 billion last year.
A request for comment was not immediately answered by the Allied Pilots Association, which represents the approximately 13,000 pilots employed by the airline.
An agreement that would provide United pilots, who presently make more than their American counterparts, rises of nearly 14% through 2024 is up for vote through July 15.
New contracts for the pilots at Delta, Southwest, and Alaska are being negotiated. They have protested at airports, claiming that a lack of employees is forcing them to work for too many flights and putting their health in danger.
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