Delta Air Lines Offers 34% Hike For Pilots Over Four-Year Deal: Report

• Delta Air Lines Inc (NYSE: DAL) has agreed to offer a 34% pay raise for its pilots over the four-year term of an agreement reached with the parties.

• The agreement, the WSJ reported, must be approved by union leadership before going to pilots for a vote.

• It includes an 18% raise when the deal is signed, followed by three further pay increases in subsequent years.

• The agreement also includes a clause assuring Delta pilots at least 1% more than rivals at American Airlines Group Inc (NASDAQ: AAL) and United Airlines Holdings Inc (NASDAQ: UAL).

• "We are pleased to have reached an agreement in principle for a new pilot contract, one that recognizes the contributions of our pilots to Delta's success," the company said.

• Pilots, affected by the pandemic and the slow economic recovery, have been organizing and harboring better deals.

• Price Action: DAL shares are trading lower by 0.17% at $35.65 in premarket on the last check Monday.

• Photo Via Company

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