American Airlines Pilots Ratify New Contract

The four-year agreement includes a pay raise of 40 percent over the next four years.

Meg Godlewski

Monday, August 28, 2023 at 11:24 AM ET

Verified

The four-year agreement includes a pay raise of 40 percent over the next four years. [Credit: Shutterstock]

Key Takeaways:

American Airlines pilots, represented by the Allied Pilots Association (APA), have ratified a new four-year contract.
The agreement provides a 40 percent pay raise over the next four years, amounting to more than $9 billion in compensation and quality-of-life benefits for 15,000 pilots.
This contract, four years in the making, aims to expand pilot training capacity, support underutilized aircraft, and offer more career opportunities, addressing the post-COVID pilot shortage and previous pay disparities.

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American Airlines (NASDAQ: AAL) pilots will soon be bringing home more money as their new contract with the carrier has been ratified.

On August 21 the pilots, represented by the Allied Pilots Association (APA), accepted a new four-year agreement that includes a pay raise of 40 percent over the next four years. According to the airline, the contract “will deliver more than $9 billion of compensation and quality-of-life benefits to American’s 15,000 pilots.”