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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

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


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...

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