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United Airlines flight attendants rejected a proposed labor contract that would have raised pay by up to 45.6% over five years, according to Bloomberg. The contract was voted down by 71% of those casting ballots, according to the Association of Flight Attendants-CWA. The union said the agreement fell short after years without raises, though it included an immediate 26.9% average pay increase, annual raises, and boarding compensation. United said the rejected agreement offered industry-leading pay and improvements, and reaffirmed its commitment to securing a fair contract for flight attendants. United remains the only major U.S. airline without a new post-pandemic contract or pay raises for non-union flight attendants. Both sides pledged to continue negotiations, with United noting it had set aside $561 million for ratification bonuses.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02United Airlines flight attendants rejected a proposed labor contract that would have raised
00:05pay by up to 45.6% over five years, according to Bloomberg. The contract was voted down by 71%
00:12of those casting ballots, according to the Association of Flight Attendants, CWA.
00:16The union said the agreement fell short after years without raises,
00:19though it included an immediate 26.9% average pay increase, annual raises, and boarding
00:24compensation. United said the rejected agreement offered industry-leading pay
00:28and improvements, and reaffirmed its commitment to securing a fair contract for flight attendants.
00:33Benzer remains the only major U.S. airline without a new post-pandemic contract or pay raises for
00:38non-union flight attendants. Both sides pledged to continue negotiations with United noting that
00:43it set aside $561 million for ratification bonuses. For all things money, visit Benzinga.com.

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