The Air Line Pilots Association at Delta said it had “diligently sought creative solutions with Delta" in negotiations.
Delta’s senior vice president John Laughter said in a memo to pilots Thursday evening that the agreement allows Delta “to generate much needed savings through a path to help avoid furloughs.”
As part of the deal, the union said Delta also would make some improvements in pilot schedules and establish a plan for pilots to save extra money for retirement with tax savings.
Delta last month said it would be able to avoid furloughs for flight attendants and ground workers in the U.S. because of buyouts, early retirements and other cost-cutting measures. The pilots were the last employee group at the airline facing the threat of furloughs.
The pilots' agreement in principle includes a provision that if a federal CARES Act extension under the same terms as the original stimulus deal is approved, the agreement will pause.