Getting your player ready...
Members of the Frontier Airline Pilots Association on Monday ratified a three-year labor agreement with the Denver-based airline that includes a 10 percent pay cut.
The reductions ease to 7 percent after two years and 4 percent in mid-2011. At the beginning of 2012, pay will return to current contract levels. Nearly 85 percent of votes cast were in favor of ratification.
Frontier filed for bankruptcy protection last April and is targeting an emergence in the first half of 2009. The pilots had already agreed to temporary pay cuts. Frontier chief executive Sean Menke said the agreement is important because it will help the airline secure exit financing.
The Frontier Airline Pilots Association represents more than 600 pilots at Frontier.
