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Lufthansa agrees 8.7% pay increase for pilots

Staff Writer | February 16, 2017
Lufthansa said it had agreed to boost pilots' salaries by 8.7 percent over four years.
Airline   Pilots will receive a one-off bonus payment
Pilots' first pay increase will be backdated to January 1, 2016 and the last is slated for January 1, 2019, while the agreement will remain valid until the end of that year, Lufthansa said in a statement.

Pilots will also receive a one-off bonus payment of between 5,000 and 6,000 euros under the deal, or "around half a month of salary" per person, pilots' union Cockpit noted in its own statement.

With around 5,400 pilots covered by Lufthansa's collective bargaining agreement, the pay hike will add some 85 million euros ($90 million) per year to the group's costs.