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...

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