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United Airlines Holdings, Inc. (UAL) and Flight Attendants Reach Tentative Contract Agreement, Says Union

United Airlines Holdings, Inc. (NASDAQ:UAL) and its 28,000 flight attendants have reached a tentative agreement for a new contract, the Association of Flight Attendants-CWA (AFA) said on Friday.

The union described the tentative deal as ‘industry-leading’, saying it would result in a 40% financial gain for the flight attendants in the first year of the contract. United Airlines Holdings, Inc. (NASDAQ:UAL)’s cabin crew has not had a raise since 2020.

A bird’s eye view of a large commercial jetliner taking off from an airport runway.

The proposed contract also includes a signing bonus, retroactive pay, and improved quality of life, said the AFA. The union’s leaders are expected to meet next week to review the complete details of the agreement. If approved, the deal would be sent for a ratification vote.

In 2023, United Airlines Holdings, Inc. (NASDAQ:UAL)’s cabin crews had filed for federal mediation, demanding a double-digit pay raise, an increase in pay for time at work, schedule flexibility, retroactive pay, and work rule improvements. They also authorized the union to call a strike if the negotiators failed to reach a deal.

Flight attendants across the United States have pushed for wage increases over the last few years, especially after pilots secured new labor deals in response to the coronavirus pandemic. United Airlines Holdings, Inc. (NASDAQ:UAL) is set to become the latest major airline in the country to sign an agreement with its flight attendants.

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Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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