United Continental Holdings (UAL) pilots have agreed to a new four-year contract that covers...

|About: United Continental Holdin... (UAL)|By:, SA News Editor

United Continental Holdings (UAL) pilots have agreed to a new four-year contract that covers United Airlines and Continental pilots following the companies' merger in 2010. The deal includes hefty pay rises and lump-sum payments in exchange for allowing the carrier to increase efficiency such as by using regional partners to fly more 76-seat jets, which remain profitable even when fuel prices are high.