Nightwatch
Veteran
- Joined
- Jun 8, 2004
- Messages
- 888
- Reaction score
- 2
Full Story Here
The Air Line Pilots Association said 79% of its members that cast ballots approved the concessions, which include a 32.5% wage cut, changes to work rules that increase the amount of flying pilots are required to do and a switch to a cheaper retirement plan for younger pilots. The outcome had been expected as pilots faced even more dire consequences had they voted down the deal. A bankruptcy filing would likely have resulted in more draconian cuts and greater damage to their pensions.
The Air Line Pilots Association said 79% of its members that cast ballots approved the concessions, which include a 32.5% wage cut, changes to work rules that increase the amount of flying pilots are required to do and a switch to a cheaper retirement plan for younger pilots. The outcome had been expected as pilots faced even more dire consequences had they voted down the deal. A bankruptcy filing would likely have resulted in more draconian cuts and greater damage to their pensions.