United and Association of Flight Attendants reach agreement
Rhea-AI Summary
United Airlines (UAL) and the Association of Flight Attendants-CWA have reached a tentative agreement that would provide industry-leading wages and benefits for 28,000 flight attendants. The agreement includes a signing bonus and improvements to scheduling and quality of life. Before implementation, the contract requires approval from the AFA's Master Executive Council and ratification by flight attendants. If ratified, the new contract would have a five-year term.
Positive
- Agreement reached with flight attendants union, potentially avoiding labor disputes
- Industry-leading wages offered to 28,000 flight attendants
- Additional benefits include signing bonus and scheduling improvements
- Five-year contract term provides operational stability
Negative
- Agreement still requires multiple approvals before implementation
- Higher labor costs will impact operating expenses
News Market Reaction
On the day this news was published, UAL gained 4.73%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Final contract language will be concluded in the coming days. The agreement is then subject to approval by the AFA's Master Executive Council, including all Local Presidents. If they approve, the tentative agreement will be put out for ratification by our flight attendants.
If ratified, in addition to industry-leading pay wages, flight attendants would receive a signing bonus and many other scheduling and quality of life improvements. The new contract would become amendable in five years.
"Our flight attendants are the best in the industry and have earned an industry-leading contract," said United CEO Scott Kirby. "I often say they are the face of our operation and the role they play every day – to keep people safe and deliver great service – helps make United the biggest and best airline in aviation history."
United thanks both negotiating teams and the National Mediation Board for working to reach this agreement.
About United
At United, Good Leads The Way. With
View original content to download multimedia:https://www.prnewswire.com/news-releases/united-and-association-of-flight-attendants-reach-agreement-302464563.html
SOURCE United Airlines
