- Pilots at Delta Air Lines (DAL.N) have ratified a new contract that includes over $7 billion in cumulative increases in pay and benefits over four years.
- Contract provides a 34% cumulative pay increase, a lump-sum one-time payment, reduced health insurance premiums, and improvements in holiday pay, vacation, 401(k), and work rules.
- American Airlines (AAL.O) and United Airlines (UAL.O) have promised an "industry-leading" contract to their pilots.
- Delta's new contract is expected to put greater pressure on the two carriers to conclude their contract negotiations.
- Airlines are "in the war for talent" as they rush to staff up to keep up with travel demand.
Delta pilots ratify new contract, raise 'the bar' for rival airlines
Delta pilots ratify new contract with $7 billion in pay and benefits increases and industry-leading benchmarks. American and United airlines face pressure to follow suit in their contract negotiations.