UAL ME­CHAN­ICS AP­PROVE CON­TRACT

The Denver Post - - BUSINESS -

Me­chan­ics at United Air­lines have ap­proved a six-year la­bor deal, the lat­est in a string of pay-rais­ing con­tracts in the now prof­itable in­dus­try.

The con­tract with the Team­sters union cov­ers more than 9,000 em­ploy­ees at United Con­ti­nen­tal Hold­ings Inc. It cov­ers em­ploy­ees of United and the for­mer Con­ti­nen­tal Air­lines; the two merged in 2010.

Few details were dis­closed. The union said the con­tract is worth $1.7 bil­lion more in pay and ben­e­fits than the work­ers’ cur­rent deal.

Unions have pushed for pay raises now that air­lines are mak­ing huge prof­its af­ter los­ing bil­lions and — in cases like United — go­ing through bankruptcy pro­tec­tion in the pre­vi­ous decade.

Chicago-based United re­ported net in­come of $7.3 bil­lion last year, although that was in­flated by a one-time tax-re­lated item. It earned $1.7 bil­lion in the pre­vi­ous two years com­bined af­ter los­ing $723 mil­lion in 2012. The As­so­ci­ated

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