American Airlines pilots ratify new contract

American Airlines pilots on Friday voted to ratify a new union contract, Reuters reported. American Airlines’ 10,000 pilots, represented by the Allied Pilots Association, were the lone major labor group that had not agreed to a concessionary contract with the airline, which is navigating through Chapter 11 bankruptcy restructuring. Reuters said the contract, which was approved by nearly three-quarters of pilots who voted, gives the Allied Pilots' Association a 13.5% equity ...