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Delta pilots get 30 percent raise over three years in new contract

Posted by: Admin | Posted on: December 1st, 2016 | 0 Comments

Delta Air Lines Inc (DAL.N) pilots voted to approve a contract delivering a 30 percent raise over three years as the aviation industry faces widespread demand for higher wages to fly planes at a time of large profits.

The contract also allows the pilots to keep existing gains on profit sharing.

Eighty-two percent of pilots who voted approved the deal, with 95 percent of eligible pilots voting, according to Delta’s unit of the Air Line Pilots Association, International.

The approval comes after pilots rejected a tentative agreement last year, which some said offered wage increases at the expense of more lucrative profit-sharing.

Delta said in a statement, “The new pilot agreement contains an industry-leading package of pay, benefits and work rules and recognizes the many contributions of Delta pilots to the airlineā€™s operational and financial success.”

Delta shares were up 0.5 percent in morning trade.

(Reporting By Jeffrey Dastin in New York; Editing by Chizu Nomiyama and Bill Trott)

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