United Air Lines says it’s reached an agreement with itsflight attendants … maybe. The airline announced a tentative agreement hadbeen reached to cut costs and hopefully avoid bankruptcy. United is notreleasing specific details, but did confirm that the deal included pay cuts.The airline’s stated goal is to reduce labor costs of flight attendants andmachinists by $5.8 billion in an attempt to avoid bankruptcy and secure a $1.8billion federal loan guarantee. Of course, the members of the Association ofFlight Attendants have not yet ratified the deal.
Uniteds Attendants Could Agree To Cuts
Key Takeaways:
- United Airlines has reached a tentative agreement with its flight attendants to cut costs and avoid bankruptcy.
- The deal includes pay cuts and aims to reduce overall labor costs by $5.8 billion.
- This cost reduction is critical for United to avert bankruptcy and secure a $1.8 billion federal loan guarantee.
- The agreement is still awaiting ratification by the Association of Flight Attendants.
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