American Airlines, TWU-IAM Association reach interim agreement on pay increases

American Airlines (NASDAW: AAL) and the TWU-IAM Association have reached an interim agreement to provide pay increases to the 30,000 maintenance, fleet service and other related employees represented by the TWU-IAM Association, the companies said.

The pay increases will go into place immediately while the negotiating committees continue working toward a joint collective bargaining agreement for the represented groups. The TWU-IAM Association is an alliance between the Transport Workers Union (TWU) and the International Association of Machinists and Aerospace Workers (IAM).

The interim agreement provides average pay increases ranging from 15 to 36 percent for maintenance and related employees, 24 percent for fleet service employees, 31 percent for tower planners and 55 percent for weight and balance planners.

American Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries.