Delta, pilots reach deal on pay raises

Delta pilots reached a tentative four-year deal Friday that includes at least 31% in pay hikes.

CNN— Delta pilots reached a tentative four-year deal Friday that includes at least 31% in pay hikes.

The agreement, reached after more than three years of talks, must be approved by union leadership before going to pilots for a vote.

It includes nearly $8 billion  in total increased value, as well as one-time payments.

If approved, terms of the agreement are expected to set minimum standards for contracts being negotiated with pilots across the industry.