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Monday, June 16, 2014

American Air, union reach tentative pacts for US Airways workers, (NASDAQ: AAL)

American Airlines Group on Monday said the company and the Machinists' union reached tentative agreements covering more than 11,000 employed at US Airways as mechanics, maintenance training specialists and baggage handlers.The three-year agreements, which provide 3 percent pay increases and improved job security and medical benefits, must be ratified by the employee groups.US Airways, which merged with AMR Corp to form the new American in December, had been in contract talks with the union for about three years, the International Association of Machinists and Aerospace Workers said.The tentative contracts include "gains in every item that was negotiated," IAM spokesman James Carlson said. "There was no step back in any category."

Anglo American plc (Anglo American) is a mining company. Shares of AAL traded higher by 1.68% or $0.68/share to $41.06. In the past year, the shares have traded as low as $15.28 and as high as $44.43. On average, 10691000 shares of AAL exchange hands on a given day and today's volume is recorded at 13633561.