American Airlines, Pilots Reach Labor Deal to Boost Pay

The pilots union at American Airlines  has agreed to put up for a vote a five-year contract proposal that would boost pay by more than 26% and offer smaller raises in later years. The board of the Allied Pilots Association agreed late Saturday, just before a midnight deadline set by the company, to accept the basic terms of the deal before the offer was pulled and negotiations moved to arbitration. The proposal's language must be completed and voted on by pilots, according to a statement on the...