Business: Pilots' Victory

After a 22-day strike, the 1,500 American Airlines pilots won a fat 18-month contract this week. Their settlement ended the worst series of labor dogfights in U.S. airline history. American contracted to put a third junior pilot in jet cockpits, pay him at least $650 a month. The pilots also won pay boosts from a top of $19,220 a year to $22,596 for flying piston-engine DC-78. They will get $28,340 for skippering Boeing 707 jets, which American plans to put into service Jan. 25. The raises are retroactive to August 1957, when the old contract lapsed. That means a senior DC-7...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!