Our contract guarantees wage increases that will return us to industry standard pay rates. Here are the pay Increases we have locked in:
- By this September, when the Company exits bankruptcy and we receive our pay increases, we will have received about an 11 percent increase since September of last year.
- This September, we receive our Equity Payment.
- Over the next two years, we get two more increases.
- Industry Pay-Rate Adjustment: Increases we will receive in September 2015 under pay-rate adjustment will not be known until that date. In September 2015, we will receive whatever additional increase is necessary to bring us in line with the average pay rates of Delta and United on top of the scheduled pay increases. Because Delta traditionally matches or exceeds United’ pay rates, this adjustment is likely to require pay rates at AA that match or exceed those at UAL.
