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Allegiant Air And Teamsters Local 2118 Pilots Association Voted To Ratify New Collective Bargaining Agreement; With Immediate Average Hourly Wage Increase Of ~40% And Payment Of ~$300M In Accrued Retention Bonuses

Aug 3, 2026, 10:08 AMBenzinga Newsdesk

Nearly 1,300 pilots represented by the Allegiant Pilots Association, Teamsters Local 2118, have voted to ratify a new collective bargaining agreement by an 80 percent margin, with 99 percent of eligible pilots

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Source: benzinga
Observed: Aug 3, 2026, 10:08 AM
Checked: Aug 3, 2026, 10:08 AM
Cadence: Captured once, then retained as an archive reference
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Allegiant Air And Teamsters Local 2118 Pilots Association Voted To Ratify New Collective Bargaining Agreement; With Immediate Average Hourly Wage Increase Of ~40% And Payment Of ~$300M In Accrued Retention Bonuses

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Related headlines

Raymond James Upgrades Allegiant Travel to Strong Buy, Lowers Price Target to $116

Shares of airline companies are trading lower amid an oil price rebound. Expectations for U.S.-Iran negotiations over Strait of Hormuz passage are frozen, with the U.S. threatening major economic pressure on Iran and its trade partners, an approach that may leave energy prices elevated for longer.

Shares of airline companies are trading lower as oil prices rise amid a lack of new U.S.-Iran negotiations. Also, elevated energy costs, inflation expectations and bond yields may lead to weaker passenger demand and pricier aircraft financing costs.

Shares of airline companies are trading lower amid a rise in oil prices as investors weigh in on a possible impasse in U.S.-Iran negotiations.