NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

American Airlines, union fail to reach deal on new contract

Published 06/20/2024, 08:14 PM
Updated 06/21/2024, 10:00 AM
© Reuters. FILE PHOTO: An American Airlines commercial aircraft approaches to land at John Wayne Airport in Santa Ana, California U.S. January 18, 2022. REUTERS/Mike Blake/File Photo
AAL
-

(Reuters) -A union representing flight attendants for American Airlines (NASDAQ:AAL) Group said on Thursday that the latest round of talks with the carrier did not lead to an agreement this week.

The Association of Professional Flight Attendants (APFA), which represents about 28,000 American Airlines flight attendants, said it has moved closer to a strike as the airline did not present a favorable agreement.

The airline's flight attendants, however, cannot walk off the job until the National Mediation Board (NMB) grants them permission.

The board will first have to determine that both the parties are at an impasse and further bargaining would not be productive. This lengthy and complex process makes it rather difficult for airline workers to strike.

Last year, the NMB denied a request from the union to be released from federal mediation.

American Airlines in an emailed statement to Reuters on Thursday said it will continue to negotiate with the union so that its flight attendants benefit from the contract.

"This agreement is within reach and we look forward to additional dates being scheduled," the airline spokesperson said.

© Reuters. FILE PHOTO: An American Airlines commercial aircraft approaches to land at John Wayne Airport in Santa Ana, California U.S. January 18, 2022. REUTERS/Mike Blake/File Photo

The current round of negotiations started in January 2020, but was paused at the height of the pandemic. Talks resumed in June 2021.

Earlier this month, the airline had offered its flights attendants immediate wage increases of 17% in their new contract, which was later unanimously rejected by the APFA.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.