HA - Hawaiian Airlines pilots union agree on new 4-year contract

Hawaiian Holdings ( NASDAQ: HA ) pilots have approved a new four-year contact, according to the union representing the pilots.

Per the Air Line Pilots Association, the new contract promises pay raises that will average more than 32% over the course of the contract, “including industry-leading rates for the carrier’s future Airbus A330F cargo fleet.”

The union said that 65% of those casting votes approved the new terms, which are due to take effect as of March 2. 93% of eligible pilots cast votes.

“This new industry-standard agreement brings us into line with our peers and cements our status as one of the nation’s leading airlines,” said Capt. Larry Payne, chair of ALPA’s Hawaiian Master Executive Council. “I’d like to salute our negotiating team, who completed bargaining in under two years while also negotiating a complex freight agreement that is among the best in the industry.”

Shares of Hawaiian Holdings ( HA ) edged 3.04% lower in afternoon trading on Friday.

Read more on the airline’s struggles amid a dearth of Japanese travelers .

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