STAR-ADVERTISER
After two years of negotiation, pilot-organized “informational” picketing and a strike threat, the Hawaiian Airlines and its pilots union have reached a tentative agreement on a 6-year contract, which includes some hefty pay raises.
Select an option below to continue reading this premium story.
Already a Honolulu Star-Advertiser subscriber? Log in now to continue reading.
There’s a good chance that Hawaiian Airlines pilots addressing passengers over the intercom today might sound extra cheerful. After two years of negotiation, pilot-organized “informational” picketing and a strike threat, the airline and its pilots union have reached a tentative agreement on a 6-year contract, which includes some hefty pay raises.
Airbus A330 captains with 12 years of experience would see the biggest bump, with their hourly rate initially increasing to $290 from $207, and eventually jumping to $337 an hour in 2022.
The overall agreement is worth an average $80 million to $100 million per year until the contract expires. Let’s hope that doesn’t mean higher fares. On the other hand, the effects of a strike would have rattled the islands, as Hawaiian has about 90 percent of the interisland travel market.
You read that right: Home prices go down
“Dog Bites Man” is not big news but “Man Bites Dog” is. In the same vein, nobody blinks at word that Hawaii home prices are going up … but when it’s the reverse? That got a headline Tuesday in the Star-Advertiser, for sure. In January, the median sales price for a single-family house on Oahu dropped 0.5 percent from where it was the same month last year. In real terms, that’s down $3,500 — not likely to be the dealmaker on the purchase of a $730,000 house.
Condos? They’re still going up. But we’ve got to take the good news where it comes.