American Airlines Group Says Agreement With Allied Pilots Association Included Enhancements Including Retroactive Pay For Jan-Apr; Sees Expense Of ~$230M Related To Retroactive Pay That Will Be Reflected In Q3 Results
Portfolio Pulse from Benzinga Newsdesk
American Airlines Group has reached an agreement with the Allied Pilots Association that includes enhancements such as retroactive pay for January-April. The company anticipates an expense of approximately $230 million related to this retroactive pay, which will be reflected in its Q3 results.
August 22, 2023 | 11:34 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
American Airlines Group's agreement with the Allied Pilots Association, including a retroactive pay for January-April, will result in an approximate $230 million expense. This will be reflected in the company's Q3 results.
The agreement with the Allied Pilots Association, which includes retroactive pay, will result in an additional expense for American Airlines Group. This expense, estimated at $230 million, will be reflected in the company's Q3 results, potentially negatively impacting its earnings for the quarter.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100