ATA pilots accept contract, pay cut

[struggle4progress]

Three-year deal includes stock options, $84 million in concessions.

From The Associated Press


INDIANAPOLIS — ATA’s pilots and flight engineers voted to approve a three-year contract that includes a potential 4 percent ownership stake in the airline, which has been flying under bankruptcy protection.

The deal was approved by 59 percent of those voting during 10 days of balloting that ended Wednesday, the Air Line Pilots Association said.

The new contract included $84 million in long-term concessions by about 800 pilots and flight engineers, the pilots group said. Other contract terms included the continuation of previous pay cuts until the end of 2006, when salaries will begin rising to 7 percent less than 2003 rates.

The union said that amounted to a pay cut of up to 40 percent for flight crew members, who had voted this month to authorize a strike. <snip>

http://www.fortwayne.com/mld/fortwayne/news/local/12773535.htm