The Independent Pilots Association (IPA) has announced it has signed a tentative agreement with UPS Airlines (NYSE:UPS) on a new two-year contract extension, the association said.
The short term agreement provides for contract improvements in compensation and retirement. Specific details of the agreement will not be disclosed before the IPA presents the proposed contract to all UPS pilots.
The contract must be ratified by a majority of UPS´s pilots. The vote by the pilots will be completed on March 31. If ratified, the new agreement will extend the IPA´s contract with UPS to September 1, 2023.
The IPA is the collective bargaining unit representing the more than 2,900 professional pilots who fly for United Parcel Service.