Market Chatter: Allegiant Travel's Pilots Union Blocks Airline's Efforts to Get US Residency for Foreign Pilots

MT Newswires Live20:16

Allegiant Travel Company (ALGT) pilots' union is hindering the airline's efforts to get permanent US residency for its foreign pilots from Chile, Australia and Singapore, Reuters reported Saturday.

The union has denied certifying to the US Department of Labor that the pilot positions meet prevailing wage standards, which is a requirement for the pilots' green card applications, according to the report.

The Teamsters Local 2118 has asked Allegiant to offer industry-standard compensation and improvements to scheduling to retain pilots rather than hiring foreign pilots at salaries starting at about $50,000 a year, which is about half of what pilots at other regional airlines earn, Reuters said.

The union further reportedly said that there is no longer a shortage of pilots in the US that occurred during the coronavirus pandemic, making permanent residency for foreign pilots unnecessary.

Allegiant currently employs about 62 pilots from Chile, Australia, and Singapore, which is about 4% of its overall pilot count, according to the report.

The company did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment