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Economy seats account for 79.3% of seats between the U.S. and Europe, down from nearly 81.9% in 2018, before the pandemic, according to aviation data firm Cirium. Business-class seats' share of seats sold has grown slightly, from 12.9% to 13.5% though premium economy's share has increased even more, making up 6.4% of seats sold, up from 4.2% five years ago, while first class seats' share fell. Delta, JetBlue Airways , United Airlines , American Airlines , Finnair and Lufthansa are among the carriers that have recently announced upgraded first-class seats, suites with sliding doors or premium economy cabins. On rival United Airlines , a similar itinerary was nearly $1,850 in premium economy and $912 in standard coach. Business class easily tops $5,000 for that route.

Persons: DAL, Natalie Rasmussen, I'm, Rasmussen, Leslie Josephs, Edward Dryden, Delta Organizations: Airline, Delta Air Lines, Virgin Atlantic's, Virgin, U.S, JetBlue Airways, United Airlines, American Airlines, Finnair, Lufthansa, Singapore Airlines, CNBC, Collins Aerospace, Delta, Suites Locations: Europe, San Jose , California, London, Germany, Czech Republic, Delta, Emirates, New York, Paris

☆ Airlines add flights to get travelers off of Maui after deadly wildfires
▼ + stars: | 2023-08-10 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Airlines added flights to get travelers off of Maui after wildfires on the Hawaiian island killed at least 36 people and prompted evacuations. American Airlines , Southwest Airlines and Alaska Airlines said they were adding service to help customers leave. Hawaiian Airlines discouraged travelers without reservations from coming to Kahului Airport in Maui because of crowding. An American Airlines spokeswoman said the carrier plans to operate all of the scheduled flights to and from Kahului Airport on Thursday. United Airlines said it has canceled Thursday's inbound flights to Kahului Airport, but that it's flying aircraft in empty to pick up travelers on Maui.

Persons: Ed Sniffen Organizations: Kahului, Airlines, American Airlines, Southwest Airlines, Alaska Airlines, NBC News, Hawaiian Airlines, Kahului Airport, Airbus, Boeing, United Airlines, Maui . Alaska Airlines Locations: Maui, Kahului, Hawaii, Lahaina, U.S, Maui .

☆ UPS CEO says drivers will average $170,000 in pay and benefits at end of 5-year deal
▼ + stars: | 2023-08-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

UPS ' CEO said drivers will average $170,000 in pay and benefits such as health care and pensions at the end of a five-year contract that the delivery giant struck with the Teamsters Union last month, averting a strike. "We expect our new labor contract to be ratified in 2 weeks," UPS CEO Carol Tomé said on an earnings call Tuesday. The company cut its full-year revenue and margin forecasts "primarily to reflect the volume impact from labor negotiations and the costs associated with the tentative agreement." The deal is the latest large wage increase won in labor negotiations. Workers from pilots to aerospace manufacturing employees have recently pushed for and won higher pay.

Persons: Carol Tomé Organizations: UPS, Teamsters Union, Workers

☆ Boeing aircraft deliveries fall in July as company plans to raise output
▼ + stars: | 2023-08-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing 787 Dreamliners are built at the aviation company's North Charleston, South Carolina, assembly plant on May 30, 2023. Boeing delivered 43 aircraft to customers last month as it tries to ramp up output with airline customers clamoring for new jets. Last month, Boeing said it was transitioning production of its bestselling 737 Max plane to a pace of 38 a month from 31. Boeing's chief rival, Airbus, last week said it has handed over 381 planes in the first seven months of the year. Boeing said it logged net orders for 52 aircraft in July, which included a firmed-up order from Saudi Arabian Airlines, or Saudia, for 39 Boeing 787 Dreamliners, a deal first announced in March.

Persons: Brian West Organizations: Boeing, Max, Airbus, Saudi Arabian Airlines Locations: North Charleston , South Carolina, Saudi Arabian

☆ Freebies fade away: Retailers make perks harder to get
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFreebies fade away: Retailers make perks harder to getCNBC's Melissa Repko and Leslie Josephs join 'Power Lunch' to discuss the change in companies' rewards and perks programs for consumers.

Persons: Melissa Repko, Leslie Josephs

Affirmative action supporters and counterprotesters shout at each other outside the U.S. Supreme Court building in Washington, D.C., June 29, 2023. Now that the Supreme Court has struck down race-conscious admissions, employers could face challenges in how they find diverse talent. A group of 13 Republican attorneys general suggested in the wake of the ruling that companies' diversity, equity and inclusion, or DEI, programs could be considered unlawful discrimination. In the wake of the ruling, many fear universities could become less reliable sources from which to recruit diverse talent. However, during the last year there has been a "step back" in terms of diversity hiring, said Reyhan Ayas, a senior economist at Revelio Labs, a workforce data and analytics firm.

Persons: Kent Nishimura, Jocelyn Samuels, Lorraine Hariton, Donald Harris, Stacy Hawkins, Kim Waller, Korn, Waller, Ahmad Thomas, Thomas, it's, We've, Alvin Tillery, Tillery, Carey Thompson, Adam Kovacevich, George Floyd, Russell, Reyhan Ayas, Northwestern's, Salesforce, Kovacevich, VI, Temple's Harris, " Harris Organizations: U.S, Supreme, Washington , D.C, Los Angeles Times, Apple, General Electric, Google, Starbucks, Harvard University, University of North, Democratic AGs, Employment, Commission, Catalyst, Temple University School of Law, University of California, University of Michigan, Urban Institute, Employers, Rutgers University . Companies, . Census, Temple University School of Law Business, Leadership Group, Corporate, Northwestern's Center, Diversity and Democracy, Gettysburg, of Progress, Economic, Revelio Labs, Silicon, Amazon, Microsoft, Civil Locations: Washington ,, University of North Carolina, U.S, Silicon Valley

Eva Marie Uzcategui | Bloomberg | Getty ImagesIt's not your imagination: Companies are getting stingier with customer rewards. Raising the barSome of the biggest shifts in customer perks have come in the airline industry. At many retailers, customers must now pay a return fee if they want to ship back unwanted clothing, shoes or other items. "To drive that online demand, free shipping and free returns were put in place, but now we all know it costs significant money," he said. Both companies aim to make sure membership isn't shared with people who aren't paying, particularly as the companies chase new avenues of growth.

Persons: Eva Marie Uzcategui, Dunkin, Cowen, David Garfield, Yuping Liu, Stephanie Keith, Marshal Cohen, Circana, Nordstrom, Christopher Dilts, Kohl's, Macy's, they're, Amit Sharma, Heidi Isern, Levi Strauss, Ann Taylor, Crocs, Brooks, reining Organizations: Brickell City Centre, Bloomberg, Getty, Retailers, Ross, uptick, American Airlines, Delta Air Lines, United Airlines, Old Dominion, Strome School of Business, LaGuardia, American Express, American, IRI, NPD, Urban Outfitters, Abercrombie, Fitch, Nordstrom, Amazon, Foods, Netflix, Costco Locations: Brickell, Miami , Florida, Queens, New York, Delta, Schaumburg , Illinois

☆ Americans are going abroad in droves — at the expense of domestic travel
▼ + stars: | 2023-08-03 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

Airlines and hotel chains in recent weeks have reported a surge in bookings for international trips — along with rising prices. International airfare is averaging $962, up 10% from last year and 26% from 2019, according to fare-tracking company Hopper. Marriott International on Tuesday said second-quarter revenue per available room rose 6% year over year in the U.S. and Canada. Nightly rates for Marriott luxury properties, like JW Marriott, The Ritz-Carlton and Edition in the U.S. and Canada ticked 1% down year over year. "The fact that I'm spending a month in Europe is going to stop me from taking some domestic trips in the near future," Inman said.

Persons: Guglielmo Mangiapane, Hopper, airfare, Kathleen Oberg, Jesse Inman, Inman, Michael Cavanagh, we're Organizations: Reuters, Airlines, Marriott International, Marriott, JW, The Ritz, Carlton, U.S, Six Flags Entertainment, Comcast, Universal Locations: Rome, Italy, U.S, Paris, Orlando , Florida, Canada, Marriott, Europe, North Carolina, Israel, Austria, France, Atlanta, Denver, Austin, San Antonio, Texas, Orlando, Covid

☆ JetBlue cuts forecast on shift to international travel, end of American Airlines partnership
▼ + stars: | 2023-08-01 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

JetBlue Airways slashed its 2023 outlook and warned of a potential loss in the current quarter as travelers opt for destinations abroad and the carrier grapples with the end of its partnership with American Airlines in the Northeast. JetBlue forecast adjusted earnings per share for the full year ranging from 5 cents to 40 cents, down from an earlier estimate for per-share earnings of as much as $1. Airline executives this earnings season have noted a shift in demand toward long-haul international travel, which was hurt during the pandemic. JetBlue's COO Joanna Geraghty said the shift is "pressuring demand for domestic travel during the peak summer travel period. Both JetBlue and United Airlines said a shortage of air traffic controllers exacerbated flight disruptions resulting from thunderstorms in late June and July.

Persons: Joanna Geraghty, anticompetitive, Geraghty Organizations: JetBlue Airways, American Airlines, Northeast, JetBlue, Revenue, Airline, ., United Airlines Locations: New York, Boston

☆ She bought an airplane ticket she thought was a scam. Then her future husband was on board
▼ + stars: | 2023-07-31 | by ( Francesca Street | ) edition.cnn.com time to read: +17 min

Like Martina, Leslie was skeptical – the price seemed too good to be true. There was a seat next to Martina, but Leslie didn’t want to overstep any boundaries by inviting himself to sit there. Martina Johnson and Leslie JohnsonOver the next week, Martina and Leslie enjoyed their respective adventures in and around Nairobi. Leslie JohnsonA few days later, once Martina and Leslie were both home in the US, Martina sent him a text. Around a year and a half after their airplane meeting, in December 2016, Leslie and Martina traveled to London together.

Persons: Martina Jones, Martina, “, ”, Leslie Johnson, Leslie, who’d, They’d, Leslie –, –, he’d, ” Leslie, He’d, Martina Jones Johnson, Leslie didn’t, nudging Martina, Martina Johnson, ’ ” Leslie, fretting Leslie, she’d, Martina's, DeRonn Kidd, Leslie texted, She’d, they’d, ” Martina, Daniel Johnson, Will, Holly, Leslie’s Organizations: CNN, Washington D.C, CNN Travel, Schiphol Airport, Familia, Newark Airport, San, Leslie Johnson Travel, Martina, Black Locations: Washington, New York City, Nairobi, Kenya, London, South Korea, Southeast Asia, New Jersey, Hudson, Amsterdam, Barcelona, he’d, ”, African, Midtown, Newark, Ohio, Michigan, San Francisco, Delaware, Costa Rica, Maldives, “ London, Columbus , Ohio

☆ American Airlines pilots' union accepts sweetened labor deal
▼ + stars: | 2023-07-27 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

American Airlines pilots' union said Thursday that they agreed to a sweetened offer for a new labor contract, less than two weeks after a richer deal at rival United Airlines derailed voting at American. "We appreciate the Allied Pilots Association for its collaborative work to reach an updated agreement on a four-year contract for American's pilots," American said in a statement. American's pilots would start voting on the new deal in August. The deal is the latest in the transportation industry where workers are seeking, and getting, higher wages. A shortage of pilots has emboldened unions to seek bigger raises and other improvements after the pandemic stalled negotiations.

Persons: Robert Isom Organizations: American Airlines, United Airlines, American, Delta Air Lines, Allied Pilots Association, UPS, International Brotherhood of Teamsters, Workers Locations: U.S

☆ Airlines say domestic fares are sliding and threatening to chill record revenue growth
▼ + stars: | 2023-07-27 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Southwest Airlines , Alaska Airlines and American Airlines are among the carriers that have forecast slower revenue growth or weakness for the third quarter, despite strong demand. The NYSE Arca Airline index is down more than 6% this week, slimming its gains to 37% so far this year. Southwest on Thursday said it expects unit revenue to drop as much as 7% in the current quarter from a year ago on a 12% increase in capacity. An airline's revenue per available seat mile is a measure of how much a carrier generates compared with how much capacity they're offering. Meanwhile, Alaska Airlines this week forecast third-quarter revenue ranging from flat to up 3% and unit revenues down about 9% "at the midpoint," with capacity up as much as 13% compared with last year.

Persons: Hopper, Ben Minicucci Organizations: Southwest Airlines, Alaska Airlines, American Airlines, NYSE, Airline, Domestic, Southwest, Delta Air Lines, United Airlines Locations: airfare, Dallas, Alaska, Europe, Asia

☆ Southwest Airlines shares slide as costs rise, unit revenues slip
▼ + stars: | 2023-07-27 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Southwest Airlines Boeing 737-700 aircraft as seen landing at dusk time at Ronald Reagan Washington National Airport DCA in Arlington County, Virginia over the Potomac River in the United States of America flying over water and buildings. Southwest Airlines shares slid more than 6% in premarket trading Thursday after the airline reported lower unit revenue and higher costs during the second quarter — and said the trends are likely to continue this quarter. The Dallas-based airline's second-quarter unit revenue dropped 8.3% from a year earlier, Southwest said, citing a policy change last summer that removed expiration dates from pandemic travel credits. The carrier said it expects unit revenue to fall as much as 7% during the third quarter on capacity up 12% from a year earlier. Airlines have enjoyed record revenue in recent months, but airfare in the U.S. has dropped from 2022, according to the latest inflation read.

Persons: Ronald Reagan, it's, Bob Jordan, they're Organizations: Southwest Airlines Boeing, Ronald Reagan Washington National Airport DCA, Southwest Airlines, Airlines, Southwest, Revenue Locations: Ronald Reagan Washington, Arlington County , Virginia, United States, America, Dallas, U.S

Boeing's Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission. Boeing on Wednesday reported a $257 million charge in the second quarter for its Starliner astronaut spacecraft program, bringing the program's to-date overrun costs to $1.5 billion as delays continue. The aerospace giant blamed the charge on its decision last month to indefinitely delay the first crewed Starliner launch. Starliner was scheduled to launch in late July and carry a pair of NASA astronauts to the International Space Station. Since 2014, when NASA awarded Boeing with a nearly $5 billion fixed-price contract to develop Starliner, the company has recorded losses on the program almost every year.

Persons: Starliner Organizations: International, Station, Boeing, NASA, International Space

☆ Boeing's quarterly results top expectations as airplane deliveries pick up pace
▼ + stars: | 2023-07-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 's second-quarter results topped analyst expectations thanks to a pickup in commercial aircraft deliveries as the manufacturer increases production. Here's how the company performed during the period ended June 30, compared with Refinitiv consensus estimatesAdjusted loss per share: 82 cents vs. 88 cents. 82 cents vs. 88 cents. On an adjusted basis, the company reported a loss of $390 million, or 82 cents per share. Boeing's defense, space and security unit reported a loss of $527 million for the quarter, down from a profit a year ago.

Persons: Dave Calhoun, Boeing's Organizations: Boeing, Max, Renton Municipal Airport, Airbus Locations: Renton, Renton , Washington

☆ UPS, Teamsters reach labor deal to avoid strike
▼ + stars: | 2023-07-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

UPS and the union representing more than 300,000 workers at the package carrier on Tuesday said they reached a preliminary labor deal, narrowly avoiding a strike that was set to start in the coming days. "Together we reached a win-win-win agreement on the issues that are important to Teamsters leadership, our employees and to UPS and our customers," UPS CEO Carol Tome. The union had planned a massive strike after July 31 if the two sides didn't reach a deal. The Teamsters said the deal includes wage increases for both full- and part-time workers. We demanded the best contract in the history of UPS, and we got it," Teamsters General President Sean O'Brien said in a statement.

Persons: Carol Tome, Sean O'Brien Organizations: Parcel Service, UPS, Teamsters Locations: New York

☆ RTX tumbles after disclosing jet-engine problem will require accelerated inspections
▼ + stars: | 2023-07-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Shares of RTX tumbled 14% Tuesday after the aerospace giant said a manufacturing problem with some of its popular engines will require "accelerated" inspections on about 200 airplane engines. The problem stems from powdered metal used to make some engine parts, RTX, the parent of airplane engine maker Pratt & Whitney, said during a quarterly earnings call. RTX, previously known as Raytheon Technologies, trimmed its cash-flow outlook for the year by $500 million to $4.3 billion due to the problem. "It's going to be expensive," RTX CEO Greg Hayes said during an earnings call. Pratt & Whitney said that it also expects about 1,000 more engines will have to be removed from airline fleets over the next nine to 12 months.

Persons: Pratt, Whitney, RTX, Greg Hayes, Airbus didn't Organizations: Whitney, Airbus A320neo, Airbus Group, Pratt, Raytheon Technologies, Boeing, Max, Federal Aviation Administration, FAA, Delta Air Lines, Airbus Locations: Hamburg, Germany, RTX

☆ Earnings playbook: Alphabet and General Motors lead off a busy week of reports
▼ + stars: | 2023-07-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +12 min

Tuesday General Motors is set to report earnings before the bell, followed by a call at 8:30 a.m. What history shows: GM earnings beat earnings expectations 86% of the time, according to Bespoke. Alphabet is set to report earnings after the bell, with management slated to hold a call at 5 p.m. This quarter: Earnings for the tech giant are expected to have grown by 10% from the year-earlier period, per Refinitiv. What history shows: Bespoke data shows Alphabet earnings beat expectations 68% of the time, and the stock rises more than 1% on earnings day.

Persons: Michael Wayland, GM's EVs, GOOGL, Jennifer Elias, Goldman Sachs, Kash Rangan, Rangan, Peter Grom, Leslie Josephs, Max, Wells, Zachary Fadem, Jonathan Vanian, Meta, Refinitiv, Jefferies, Andy Barish, LUV, — CNBC's Michael Bloom Organizations: General Motors, Microsoft, Refinitiv, CNBC, company's, Silverado, United Auto Workers union, Investors, Management, PepsiCo, UBS, Boeing, Corporate, Twitter, Meta, Southwest Airlines, U.S, Southwest Locations: U.S, FactSet

☆ American Airlines boosts pilot contract offer by $1 billion after United deal
▼ + stars: | 2023-07-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An American Airlines plane takes off from the Miami International Airport on May 02, 2023 in Miami, Florida. American Airlines raised its offer for a new pilot contract by more than $1 billion to match a preliminary deal last week between rival United Airlines and that carrier's aviators. Airlines and pilot unions had been negotiating new deals for years. Delta Air Lines pilots approved a new agreement in March for a deal that includes 34% raises over four years. The new offer includes 21% pay bonuses and pay on par with United and Delta, the Allied Pilots Association, their union, said Friday.

Persons: Robert Isom, Ed Sicher, Isom Organizations: American Airlines, Miami International Airport, Miami , Florida . American Airlines, United Airlines, United, . Airlines, Unions, Delta Air Lines, Delta, Allied Pilots Association Locations: Miami , Florida

☆ Airline cargo revenue is cratering. Here's why that's actually good news
▼ + stars: | 2023-07-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Leslie Josephs/CNBCAirlines' cargo revenue is slumping. Delta , United and American this month each reported year-over-year declines of about 40% in their second-quarter cargo revenue. That's a significantly smaller portion than 2020, when cargo revenue made up more than 10% of United's sales. Zoom In Icon Arrows pointing outwardsThrough June, cargo revenue made up 1.3% and 1.6% of overall revenue at Delta and American, respectively, down from 3.5% and 12% in 2020. The Baltic Air Freight Index, which tracks worldwide air cargo rates, is down 47% from a year earlier.

Persons: DAL, Leslie Josephs, United, it's Organizations: American Airlines, Philadelphia International Airport, CNBC Airlines, United, Delta, Baltic Air Freight, International Air Travel Association Locations: United, American, U.S, Europe

☆ American Airlines raises 2023 profit forecast after strong second quarter
▼ + stars: | 2023-07-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. American Airlines on Thursday raised its earnings outlook for 2023 after a strong start to the peak travel season, the latest airline to reap the rewards from the continued boom in demand. That updated 2023 profit guidance falls in line with Wall Street expectations of $3.10, according to Refinitiv consensus estimates. For the third quarter, American expects to earn an adjusted 85 cents to 95 cents per share, in line with estimates. Adjusting for one-time items, including costs associated with planes retired early in the pandemic, the company earned $1.37 billion, or $1.92 per share.

Persons: Robert Isom, CNBC's Phil LeBeau Organizations: Boeing, American Airlines, Airline, United, Refinitiv Locations: Barcelona, Fort Worth - Texas

☆ United posts record earnings and forecasts strong profits for bustling summer quarter
▼ + stars: | 2023-07-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

United Airlines on Wednesday posted record quarterly earnings and forecast a strong third quarter thanks to an unrelenting travel boom, led by a return of international travel. The airline lost some of its capacity during the second quarter because of flight disruptions at its Newark, New Jersey hub. United's CEO Scott Kirby earlier this month said the company will have to reduce flights at Newark Liberty International Airport. "The United team persevered through an unprecedented series of events at the end of last month," Kirby said in an earnings release on Wednesday. United expects to post adjusted earnings per share of between $3.85 and $4.35 for the third quarter, far above analysts' estimates of $3.70 a share, according to Refinitiv.

Persons: Scott Kirby, Kirby, we're Organizations: United Airlines, Empire, Vanderbilt, Newark Liberty Airport, Newark , New Jersey . United Airlines, Refinitiv, Newark Liberty International, United, New Locations: New York City, Newark, Newark , New Jersey, United

☆ United adds Tokyo, Manila and Taipei flights to cater to international travel boom
▼ + stars: | 2023-07-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

United Airlines on Tuesday mapped out another expansion of Asia flights in the coming months, part of its push to capitalize on a boom in long-haul international travel that has helped drive airlines back to profitability after the Covid-19 pandemic. International travel bookings surged this year, airline executives have said, as travelers seek long-distance trips they put off during the pandemic amid a web of travel restrictions and concerns about the virus. United announced new flights to New Zealand and Australia in April. Starting Oct. 29, United will fly daily nonstop flights between San Francisco and Manila, becoming the only U.S. airline to offer nonstop service to the Philippine capital from the continental U.S. Quayle said Tokyo flights have been in high demand since Japan lifted travel restrictions earlier this year.

Persons: Patrick Quayle, United's, Quayle Organizations: Airlines, United, Boeing Locations: Asia, New Zealand, Australia, United, San Francisco, Manila, Philippine, Taipei, Taiwan, Los Angeles, Tokyo, Japan

☆ Earnings playbook: Netflix and Tesla are set to report this week as reporting season ramps up
▼ + stars: | 2023-07-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +8 min

Tuesday Bank of America is set to report earnings before the bell, followed by a call at 8:30 a.m. Morgan Stanley is set to report earnings in the premarket, with a conference call slated for 9:30 a.m. Wednesday Goldman Sachs is set to report earnings before the market opens, followed by a call at 9:30 a.m. Tesla is set to report earnings after the close, with a call slated for 5:30 p.m. What history shows: Netflix earnings have exceeded earnings expectations in seven of the last 10 quarters, FactSet data shows.

Persons: Wells, Keith Horowitz, Morgan Stanley, Morgan Stanley's, BofA's Ebrahim Poonawala, Morgan, Goldman Sachs, Marcus, Goldman, UAL, Leslie Josephs, Scott Kirby's, Tesla, Toni Sacconaghi, NFLX, AAL Organizations: Tesla, Netflix, United Airlines, JPMorgan Chase, Citigroup, JPMorgan, Tuesday Bank of America, Refinitiv, CNBC, Bank of America, Citi, Goldman, IBM, Thursday, Airlines, Northeast U.S, JetBlue, Northeast Alliance Locations: America, Wells Fargo, Newark, Northeast

☆ United reaches preliminary, 4-year labor deal with pilots, with up to 40% raises
▼ + stars: | 2023-07-15 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Pilots from United Airlines walk inside the airport as they take part in an informational picket at Newark Liberty International Airport in Newark, New Jersey, May 12, 2023. United Airlines and its pilots' union have agreed to a preliminary labor deal that includes pay increases of as much as 40.2% over four years, ending months of tense negotiations and airport pickets. The preliminary deal, which the Air Line Pilots Association (ALPA) announced Saturday, comes months after Delta Air Lines pilots ratified a new contract that included 34% raises over four years, the first of the top four airlines to reach a new agreement. American Airlines and its pilots' union reached a new labor deal with 40% raises over four years, though it still faces a ratification vote by members. The pilots overwhelmingly rejected a preliminary, 18-month deal last year.

Persons: ALPA, we're, Scott Kirby Organizations: United Airlines, Newark Liberty International Airport, Air Line Pilots Association, Delta Air Lines, American Airlines, ALPA, United Locations: Newark , New Jersey

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