American Airlines plans to hire 1,500 pilots
393753 01: An American Airlines pilot chats on his cell phone August 27, 2001 at Chicago''s O''Hare International Airport. The union representing American Airlines pilots said August 24 it would reject the carrier''s proposal for fast-track contract negotiations that could be settled by baseball-style binding arbitration. The Allied Pilots Association, which represents about 11,000 American pilots, said the proposal would be too limiting on negotiators. American, the world''s largest airline, had offered pilots an immediate pay raise of 15 percent to 22 percent if they agreed to stop bargaining after 120 days. (Photo by Tim Boyle/Getty Images)
FORT WORTH, Texas American Airlines says it will hire 1,500 pilots over the next five years.
That's in addition to recalling all of the airline's pilots who have been furloughed.
American plans to start recruiting new pilots this fall. It's already hiring 1,500 new flight attendants.
Airlines have resumed hiring pilots in part because a large number are hitting a new mandatory retirement age of 65. The age was raised from age 60 a little over five years ago.
American earned $71 million in August, after losing $82 million a year earlier. Revenue rose 7 percent to $2.34 billion.
American wants to exit bankruptcy protection in a merger with US Airways Group Inc. First it needs to get past an antitrust lawsuit filed by the Justice Department. A trial is planned for November.
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