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.
"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.
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