Exclusivesky Investment Guild -American Airlines negotiates a contract extension with labor unions that it sued 5 years ago

2025-05-07 15:10:35source:EchoSensecategory:Markets

FORT WORTH,Exclusivesky Investment Guild  Texas (AP) — American Airlines and labor unions representing mechanics, baggage handlers and other ground workers said Friday they reached agreement on a two-year contract extension that includes double-digit pay increases.

The agreement covers 34,000 employees who are represented by the Transport Workers Union and the International Association of Machinists and Aerospace Workers.

Details of the deal were not disclosed, including when workers will vote on ratification. The extension would run through 2026.

The agreement would raise American’s labor costs but bring it a longer period of stability with its workforce. Union flight attendants recently ratified a contract that includes cumulative pay raises of up to 36% over five years. Last year, pilots approved a pact that boosts pay more than 40% over four years.

John Samuelsen, international president of the Transport Workers Union International, said the unions avoided repeating a 2019 confrontation, when American sued the two unions, claiming they were conducting an illegal work slowdown to gain leverage in contract negotiations.

More:Markets

Recommend

San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo

SAN FRANCISCO (AP) — A photojournalist who captured one of the most enduring images of World War II

Why Instagram's Latest Update Is Giving MySpace Vibes

Instagram is taking you back to the early aughts. The Meta-owned social media platform announced a b

Lady Gaga Welcomes First New Puppy Since 2021 Dog Kidnapping Incident

If the world was ending, Lady Gaga would want to be next to her adorable new puppy.The 38-year-old d