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United and Association of Flight Attendants reach agreement

1. United Airlines reached an agreement for industry-leading wages for flight attendants. 2. The contract includes a signing bonus and quality of life improvements. 3. Tentative agreement awaits approval from AFA's Master Executive Council. 4. Ratification will enhance employee satisfaction and retention at United Airlines. 5. The new contract will be amendable in five years.

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FAQ

Why Bullish?

The agreement may improve employee morale and operational performance, historically leading to stock price recovery.

How important is it?

The positive contractual development directly affects UAL's operational strength and market perception.

Why Short Term?

Positive sentiment from contract ratification could boost UAL's stock in the immediate future.

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DALAALLUV
, /PRNewswire/ -- United Airlines and the Association of Flight Attendants-CWA announced an agreement that will provide industry-leading wages and many other improvements for United's 28,000 flight attendants if ratified. Final contract language will be concluded in the coming days. The agreement is then subject to approval by the AFA's Master Executive Council, including all Local Presidents. If they approve, the tentative agreement will be put out for ratification by our flight attendants. If ratified, in addition to industry-leading pay wages, flight attendants would receive a signing bonus and many other scheduling and quality of life improvements. The new contract would become amendable in five years. "Our flight attendants are the best in the industry and have earned an industry-leading contract," said United CEO Scott Kirby. "I often say they are the face of our operation and the role they play every day – to keep people safe and deliver great service – helps make United the biggest and best airline in aviation history." United thanks both negotiating teams and the National Mediation Board for working to reach this agreement. About United At United, Good Leads The Way. With U.S. hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C., United operates the most comprehensive global route network among North American carriers, and is now the largest airline in the world as measured by available seat miles. For more about how to join the United team, please visit www.united.com/careers and more information about the company is at www.united.com. United Airlines Holdings, Inc., the parent company of United Airlines, Inc., is traded on the Nasdaq under the symbol "UAL". SOURCE United Airlines WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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