Delta Airlines pilots are conducting a vote over a proposed contract with a massive pay raise.
The proposed new labor contract would give pilots a raise of 30.2 percent over the next four years, according to ABC News.
The Air Line Pilots Association union at Delta has been fighting for pay raises after its members took massive pay cuts during the great recession. The union, which represents 13,000 pilots, is asking for an immediate 18 percent raise, while also receiving a 3 percent raise in both 2017 and 2018. A 4 percent raise in 2019 is a part of the proposed contract, according to the Atlanta Journal Constitution.
Delta Air Line’s stock had its “buy” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued Tuesday. The airline lost a significant bid against American Airlines Monday, when the Department of Transportation awarded American with a new route from Los Angeles International Airport (LAX) to Beijing Capital Airport.
The airlines competed for the new route, which includes daily, non-stop round-trip flights between LAX and Beijing. China’s explosive economic growth means that routes into South East Asia will continue to increase in demand. Delta recently added a flight from Milwaukee to Seattle, a move that will streamline travel from the states to Asian countries.
The pilot union’s leadership voted 15-4 to recommend the tentative agreement for approval. The deadline for pilots to cast their vote is Dec. 1.
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