British Airways said it has reached an “agreement in principle” for a pay deal with its pilots that will run until 2027.
A British Airways spokesperson said: “We are pleased that we have now reached an agreement in principle for the pilot pay award 2023-27.
“The British Airline Pilots’ Association (Balpa) will now ballot its members on the agreement in principle.
“The pay offer builds on a number of pay and reward changes made in 2022 to support colleagues throughout the business at a time of ongoing cost-of-living pressures.”
Balpa national officer Chris Jones said: “Following several months of negotiation with British Airways, the company has put forward an offer which Balpa will put to members via a ballot in the coming weeks.
“This is the usual procedure following a pay offer and any agreement will only be finalised subject to the outcome of a member ballot.”
A report by Sky News said the pay deal will include bonuses based on the airline’s future profits and is “aimed at removing the renewed threat of strike action until at least 2027”.
The agreement will give pilots a pay rise of 4% backdated to June, followed by further increases of 1.5 % in December, 2.5% next June, and 2% the following December, according to Sky News.
More: BA secures deal with pilots in effort to avert strikes [Oct 2022]