British Airways, Alaska Secure New Pilot Deals
British Airways and its pilots have a new contract deal, multiple outlets reported last week. If ratified, it would end fears of a strike by BALPA, the main union representing pilots at the airline. For British Airways, removing the strike threat doesn’t absolve it of other worries, including the higher costs that the new contract will impose. In the meantime, UK consumer inflation is running above 10 percent, potentially weighing on travel demand as 2023 approaches.
And in North America, Alaska Airlines and its pilots have a new contract. Cockpit crew members represented by the Air Line Pilots Association overwhelmingly ratified a three-year deal that, according to the company, includes a hefty up to 23 percent wage increase for pilots depending on their seniority. Top-of-scale captains, Alaska said, will now make $306 per hour, which increases to $330 after two years. The contract also includes “a market rate adjustment” aimed at keeping Alaska’s pilot pay in line with peers at other carriers in the years ahead. Pilots also gained improvements to their work schedules, stronger job security, increases to retirement contributions, and a freeze on health care costs.