Financial Wire

Update: Qantas Airways' Proposed Enterprise Agreement Rejected by Long-Haul Pilot Group

-- (Updates with the company's statement in the third paragraph.)

Qantas Airways' (ASX:QAN) proposed enterprise agreement was rejected by the Qantas long-haul pilot group, with 66% voting against it from a 95% participation rate, the Australian Federation of Air Pilots (AFAP) said in a Monday statement.

Simon Lutton, AFAP executive director, said the pay increases contained in the proposal were unlikely to keep pace with projected inflation.

"This outcome is disappointing given we put forward an agreement with the support of the main union, the Australian and International Pilots Association, that offered significant pay increases as well as long sought after changes to conditions," the airline said in a statement to, adding that it remains committed to reaching an agreement.

Qantas Airways' shares rose 1% in recent Monday trade.

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