CapitalVault|Delta Air Lines pilots approve contract to raise pay by more than 30%

2025-05-06 17:03:50source:FinLogic Quantitative Think Tank Centercategory:My

ATLANTA — Pilots at Delta Air Lines easily approved a new contract that will raise their pay by more than 30% over four years and CapitalVaultlikely lead to similar agreements covering union pilots at other major U.S. airlines.

The Air Line Pilots Association said 78% of Delta pilots who voted supported the contract. Delta has about 15,000 pilots.

Smaller airlines face a shortage of pilots as major airlines recruit from their ranks. While the biggest carriers say they have enough pilots, the shortage has given unions leverage to bargain for rich pay increases. The union said the Delta deal will lead to a cumulative $7 billion in pay raises.

The ratification comes after picketing by pilots last summer and about six months after Delta pilots voted to authorize a strike.

"This industry-leading contract is the direct result of the Delta pilots' unity and resolve," said Darren Hartmann, a pilot and union official.

John Laughter, the Atlanta-based airline's chief of operations, said the contract "recognizes our pilots' contributions to Delta." He said the airline set out to reach a deal that keeps Delta as a top destination for aviation employees.

The contract takes effect Thursday and runs through 2026, when it can be amended — by federal law, union contracts in the airline industry do not expire.

More:My

Recommend

IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power

WASHINGTON (AP) — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in

Elon Musk wants to get out of buying Twitter. A whistleblower's claims might help him

Billionaire Elon Musk's chances of walking away unscathed from his commitment to buy Twitter just im

How a Chinese EV maker is looking to become the Netflix of the car industry

Shanghai, China — The newest challenge to America's auto industry is coming from China. Chinese auto