American Airlines CEO Says We Have Offered Flight Attendants Immediate Wage Increases Of 17% And New Formula For Higher Profit Sharing In 2024; We Have Made Progress In Contract Negotiations With Flight Attendants, But Still A Good Deal Of Work To Be Done
Portfolio Pulse from Benzinga Newsdesk
American Airlines' CEO announced that the company has offered flight attendants a 17% immediate wage increase and a new profit-sharing formula for 2024. While progress has been made in contract negotiations, there is still significant work to be done.
June 05, 2024 | 4:59 pm
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American Airlines has proposed a 17% wage increase and a new profit-sharing formula for flight attendants in 2024. While this shows progress in labor negotiations, the ongoing discussions indicate that there is still work to be done.
The proposed wage increase and profit-sharing formula are positive steps towards resolving labor issues, which could improve employee morale and operational efficiency. However, the ongoing nature of negotiations suggests that there may still be uncertainties. Overall, this news is likely to have a positive short-term impact on AAL's stock price.
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