Wing Shot

Eastern stays aloft—at a price

Only five hours before a midnight deadline last week, Eastern Air Lines avoided a potentially ruinous strike that would have grounded many of its flights just as the peak Easter season was getting under way. But the cost was enormous. Eastern had offered members of the International Association of Machinists and Aerospace Workers, which represents 13,500 mechanics, baggage handlers and other ground personnel at the airline, a 25% raise spread over two years, starting with a 6% hike in April. The union rejected that package. Instead it wound up...

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