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United Airlines Pilots Get Pay Raise as Global Travel Disruption Continues

United Airlines Pilots Get Pay Raise as Global Travel Disruption Continues
pay raise

United Airlines Pilots Get Pay Raise as Global Travel Disruption Continues

Despite the global travel disruptions caused by the COVID-19 pandemic, United Airline pilots have reason to rejoice. The airline recently unveiled a 14-percent pay raise for all its pilots over the next 18 months. In addition to this significant raise, the new contract also includes various other benefits, such as improved overtime and premium pay, a new retirement plan, and an 8-week paid maternity leave benefit. This pay raise reflects United Airlines’ hopeful outlook for the future, as the airline industry strives to recover from the pandemic’s impact on global travel. The commitment shown by United Airlines through this new agreement is likely to be warmly received by pilots and aspiring pilots alike.

 

The pay raise will be effective from July 1, 2020, until June 30, 2023, leading to an impressive increase of $40,000 in the average pay for United Airlines pilots over the three-year period. The MEC (Master Executive Council) stated that this raise was necessary not only to secure pilots’ employment but also to maintain the airline’s competitive position. Captain Todd Insler, Chairman of the United MEC, emphasized the collaborative efforts between the MEC and United to ensure pilots’ continued employment and the airline’s competitiveness during these challenging times.

 

Amid the ongoing struggles faced by the airline industry due to the pandemic, the International Air Transport Association (IATA) estimated a substantial $419 billion decline in global airline revenue in 2020, signifying a 54 percent drop compared to 2019. Among the hardest hit airlines, United Airlines experienced an 84 percent revenue decline compared to the same period the previous year. The airline took significant measures to reduce costs, including furloughing more than 16,000 employees and implementing pay cuts for other workers.

 

However, the pay raise for United’s pilots demonstrates the airline’s unwavering determination to preserve its skilled pilot workforce and ensure their long-term job security. It also showcases the airline’s dedication to maintaining its competitive edge despite the ongoing disruptions in the industry.

 

For aspiring pilots looking to enter the field, exploring flight school loans may be a practical way to fund their flight training and embark on a promising career path amidst these positive developments within the airline industry.


Are you someone who is deeply passionate about aviation and envisions a future as a pilot? At Stratus Finance, we are committed to helping you realize your dreams through our flight school loans. Whether you are in the early stages of considering flight training or have already begun your journey, we provide adaptable financing options tailored precisely to cater to your individual needs.

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