Air Canada reaches agreement with pilots union, averting strike

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Air Canada reaches agreement with pilots union, averting strike
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Air Canada reaches agreement with pilots union, averting strike

- Air Canada said early on Sunday it had reached a tentative agreement with its pilots union over a new four-year collective agreement, in a deal that will avert a near-term strike or lockout.

Air Canada and Air Canada Rouge, which operate nearly 670 flights per day, will continue flying as normal, the airline said. The ALPA said in a separate statement that its leaders had approved the tentative agreement with Air Canada for member ratification. Air Canada's pilots were demanding wage rates that would narrow the pay gap with their counterparts at major U.S. carriers such as United Airlines.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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