Pilots at United will vote on contract after tentative deal

→ Incredible Opportunity to Retire FAST! (From Crypto 101 Media) (Ad)
r m
In this July 2, 2021 file photo, a United Airlines jetliner taxis down a runway for take off from Denver International Airport in Denver. United Airlines and its pilots’ union say they have a tentative agreement on a new contract. Neither side released details of the deal on Friday, May 13, 2022. (AP Photo/David Zalubowski, file)

CHICAGO (AP) — United Airlines and its pilots' union said Friday they reached tentative agreement on the outline of a new contract, a notable deal while labor tension has increased in the airline industry.

The leader of the United chapter of the Air Line Pilots Association, Michael Hamilton, and United Airlines CEO Scott Kirby called it an industry-leading agreement. However, financial details were not disclosed.

The two sides said they were still working on contract language, and that pilots would hold a ratification vote in coming weeks. The union represents about 13,700 pilots, who have been working under terms of a contract that came up for renegotiation in January 2019 — by law, labor contracts at airlines do not expire.

The tentative deal at United contrasts with increasing tension between pilots and management at American, Southwest and Alaska. Pilots, whose numbers were cut through buyouts and early retirement after the pandemic hit, say they are overworked, and they are demanding sizable pay increases.

Alaska Airline pilots began a strike-authorization vote this week. However, federal law includes barriers to legal strikes in the airline industry — they can be blocked by federal mediators or the president.

United threatened to furlough 2,850 pilots in October 2020, when federal pandemic relief briefly expired. The two sides reached a side deal that averted the job losses, and federal aid that also barred furloughs was later reinstated.

Unions hold leverage in current contract talks because of a pilot shortage across the industry, especially among smaller, so-called regional carriers that operate flights for bigger airlines under the United Express, American Eagle, Delta Connection and Horizon Air names.

→ Incredible Opportunity to Retire FAST! (From Crypto 101 Media) (Ad)

Should you invest $1,000 in United Airlines right now?

Before you consider United Airlines, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Airlines wasn't on the list.

While United Airlines currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Stocks to Own in 2024 Cover

Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio.

Get This Free Report

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
United Airlines (UAL)
4.7653 of 5 stars
$53.94+5.0%N/A6.67Moderate Buy$66.53
Compare These Stocks  Add These Stocks to My Watchlist 


Featured Articles and Offers

Search Headlines: