Allegiant Air And Teamsters Local 2118 Pilots Association Voted To Ratify New Collective Bargaining Agreement; With Immediate Average Hourly Wage Increase Of ~40% And Payment Of ~$300M In Accrued Retention Bonuses
Nearly 1,300 pilots represented by the Allegiant Pilots Association, Teamsters Local 2118, have voted to ratify a new collective bargaining agreement by an 80 percent margin, with 99 percent of eligible pilots
Allegiant Air's pilots voted to accept a new contract with big pay raises (about 40% more per hour) and $300 million in bonuses. This is a big cost for the company, so watch to see if Allegiant can handle it while still staying profitable.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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