American Airlines pilots have less than a hour to cast their vote on a contract proposal from management.
The offer includes 23 percent pay raises on signing and annual increases of 3 percent ever year starting in January through 2019. However, it does not include a profit-sharing plan, which pilots at Delta Air Lines and United Airlines have in their contracts.
It also does not include a work rule change related to pilots who have long layovers in between flights in cities away from home and do not get paid for that time.
If the pilots approve the contract, pay rates will be retroactive to Dec. 2.
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If the pilots reject the contract, the two sides will head to arbitration which is expected to start on February 24. Under its merger agreement with the pilots, the arbitration contract has a set value that is $600 million lower annually than what the company has offered the union.