British Airways has struck a pay deal with unions representing pilots, which it hopes will prevent any strike action until at least 2027.
The airline 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 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." it said.
According to earlier report, the pilots would get a 4% pay rise this year, backdated to June, followed by further uplifts of 1.5% in December, 2.5% next June, and further increases after.
Shares in IAG, the parent of British Airways, are up 2% today, boosted by the recent fall in the oil price as much well.