FedEx pilots ratify new wage deal, union says (updated)

FedEx

Tue 16:56

Adds details on new wage deal, background from paragraph 2

    June 9 (Reuters) - FedEx FDX.N pilots have ratified a new deal that would raise their wages by about 40% this year, their union said on Tuesday, following nearly five years of negotiations with the parcel delivery company.
Eighty-three percent of FedEx pilots voted in favor of the new collective bargaining agreement that will also provide annual increases of 3% from 2028 through 2030, the Air Line Pilots Association, International, said.
FedEx's management and ALPA have been in talks since May 2021. A tentative agreement between FedEx and the pilots' union was struck in April.
Captains would also receive up to $150,000 in retroactive pay missed during negotiations, while first officers would receive up to $102,500.
FedEx operates the world's largest cargo air fleet, with 391 cargo jets and 317 turboprop planes.
The contract takes effect from June 29. It becomes amendable in December 2030, ALPA said.
 

 (Reporting by Nandan Mandayam in Bengaluru; Editing by Tasim Zahid and Leroy Leo)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))