FedEx Reaches Tentative Deal with Pilots’ Union After Five Years

FedEx Corp. pilots reached a tentative labor agreement with the parcel company, marking a significant step toward resolving nearly five years of negotiations.

The pact includes hourly pay increases of nearly 40% this year followed by 3% annual raises increases starting in 2028, according to the Air Line Pilots Association, the union representing FedEx pilots. Captains will also receive as much as $150,000 to cover raises missed during negotiations, while first officers will get up to $102,500.

If ratified, the deal would resolve long-running labor talks covering more than 5,000 pilots that are critical to FedEx’s sprawling air-freight business. ...