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Alaska Airlines pilots to receive pay bump, increased schedule flexibility under new ratified contract
Airline CEO Jonathan Ornstein offering interest-free loans to address pilot shortage
Mesa Airlines Chairman and CEO Jonathan Ornstein tells Stuart Varney how his company’s initiative to give pilots interest-free loans to fly the number of hours needed to obtain their pilot’s license will help the pilot shortage.
Pilots at Alaska Airlines are getting a raise following ratification of a new three-year contract with the Air Line Pilots Association (ALPA).
Under the agreement, pilots' wages will increase as much as 23%, based on years of service, effective immediately. Top-of-scale captains will now make $306 per hour, which will increase to $330 after two years.
"A market rate adjustment will keep pilots in line with peers at other airlines in the years ahead," the airline noted Monday in a news release.