Norwegian Air reaches wage deal with pilots, averting strike
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 01 2024
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Should l Buy ?
Source: reuters
- Norwegian Air and Pilots Reach Deal: Norwegian Air and its pilots have agreed on a new collective agreement, avoiding a strike that could have disrupted flights.
- CEO's Statement: CEO Geir Karlsen expressed satisfaction with the agreement and emphasized focus on the upcoming busy summer season.
- Possible Flight Cancellations: The company may still cancel some flights over the weekend due to preparations made in anticipation of the potential strike.
- Wage Gap Addressed: The new deal aims to reduce the wage gap between Norwegian pilots and those in other locations.
- Impact on Pilots and Operations: The agreement is expected to improve work-life balance for pilots and reduce overall demands on each pilot.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
