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Bibhu Pattnaik

United Airlines Pilots Secure Substantial Pay Raise In New Labor Agreement

United Airlines American Airlines Nasdaq NYSE UAL United Airlines Holdings Inc United States

U.S. Sen. Chris Van Hollen pilots from American Airlines and United Airlines listen during a news conference at Ronald Reagan Washington National Airport on July 10, 2023 in Washington, DC. United Airlines Holdings Inc (NASDAQ: UAL) and its pilots have reached a labor agreement with a substantial pay raise. PHOTO BY ALEX WONG/GETTY IMAGES

United Airlines Holdings Inc (NASDAQ: UAL) and its pilots have reached a labor agreement with a substantial pay raise.

What Happened: According to the new four-year agreement, the pilots will get a cumulative 34.5% to 40.2% increase in pay raises, Reuters reported.

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