You are here

US airlines award big pay rises amid record profits

New labour contracts seen adding at least US$1.35b to operating costs of the four biggest US carriers this year
Friday, November 25, 2016 - 05:50

BT_20161125_DNARLINES25_2614380.jpg
American Airlines adopted a profit-sharing programme this year after acknowledging that the issue had become a stumbling block to improving labour relations.

Dallas

US airlines are posting record profits, awarding hefty pay rises and winning over long-time sceptics such as Warren Buffett's Berkshire Hathaway Inc. The missing ingredient: proof that the industry can weather a downturn.

Previous airline booms were followed by busts that

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom