Spirit Air Pilots Approve Union Contract Boosting Pay

(Bloomberg) — Spirit Airlines Inc. pilots approved a contract that would raise average pay 34% over two years, the Air Line Pilots Association said.

(Bloomberg) — Spirit Airlines Inc. pilots approved a contract that would raise average pay 34% over two years, the Air Line Pilots Association said.

Average captain’s pay to increase 25% over the contract term, first officer’s 43%
Total value of the contract is $463 million, up 27% from previous agreement
About 69% of pilots casting ballots voted for contract
Agreement is retroactive to Jan. 1, calls for company to immediately re-enter contract talks with pilots if pending merger with JetBlue Airways doesn’t gain regulatory approval or is abandoned, union says in statement
NOTE: Oct. 19, Spirit Shareholders Approve $3.8 Billion JetBlue Purchase (1)

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