United Airlines pilots agree to new contract with 14% raises

Yahoo Finance Live’s Brad Smith breaks down the United Airlines pilot union’s decision to approve a deal that would give pilots of the airline 14% raises.

Video Transcript

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BRAD SMITH: And we want to bring you some breaking news. The pilot union for United Airlines has approved a tentative deal that would give their pilots raises of more than 14%, making it the first major US airline to reach such a deal. The agreement comes as airlines struggle with a shortage of pilots, which has forced them to cancel thousands of flights and cut down schedules. We're gonna bring you more details on the deal as we have them.