Contract would bring $8 billion to American Airlines pilots, says CEO

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Contract would bring $8 billion to American Airlines pilots, says CEO
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The Fort Worth-based carrier is stressing the economics of a deal on table even as pilots begin voting on authorizing a strike.

more than 15,000 pilots at American, said in an update to members that it believes an agreement is near. Its memberson authorizing a strike, prompting Isom to implore pilots not to let that be a distraction from the offer on the table.

The strike threat is intended to speed up contract talks that are now in their third year. The Railway Labor Act, which covers the airline industry, doesn’t allow pilots to walk off the job unless federal regulators agree that the two sides are at an impasse — something that would likely be months or years away.

“We hear you, we absolutely hear you,” Isom said. “But a new deal will only get done at the negotiating table. So that’s the company’s focus. It’s my focus.” The union acknowledged Isom’s estimate of what pilots stand to gain, but also said “it must be remembered that American Airlines’ pilots are negotiating from a bankruptcy-era contract that left us significantly behind Delta from the start.”

“This week, we will meet with the [union’s board of directors] to discuss and evaluate current progress, while simultaneously continuing to negotiate for a deal that represents the pay, work rules and quality of work life our industry commands and which you have earned,” said the union’s update to pilots.

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