Chicago, August 26, 2000 -- After two days of round-the-clock bargaining, United Airlines (NYSE: UAL) and the Air Line Pilots Association (ALPA) announced that they have reached tentative agreement on a new contract for the company’s pilots. The new contract is subject to endorsement by ALPA’s UAL Master Executive Council, and the Labor Committee of the UAL board of directors as well as ratification by United’s 10,000 pilots.
Separately, United also said it would continue working hard to reach tentative agreements as soon as possible in negotiations with the International Association of Machinists (IAM). These contracts became amendable on July 12, 2000.
Commenting on the tentative agreement with ALPA, United’s Chairman and Chief Executive Officer James E. Goodwin, said: "I am very pleased with this tentative agreement. Both sides worked hard in complex negotiations to create an industry-leading contract for pilots, while providing a strong base for the company’s future growth and success. I acknowledge that this has been a difficult and frustrating process -- particularly for our customers, our front-line employees and our pilots. However, we have now taken an important first step in returning our company to the forefront of the industry. Our absolute priority now is to continue working hard toward tentative agreements with the IAM."
