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United Continental, pilots reach labor accord

8/3/12 7:26 AM ET (MarketWatch)

NEW YORK (MarketWatch) - United Continental Holdings Inc., the Chicago parent of United Airlines, and the Air Line Pilots Association have reached a tentative agreement on a new labor contract. In a Friday statement, the company said the deal covers both the United and Continental subsidiaries. It's subject to conditions including approval by the union's master executive councils at each subsidiary and ratification by the pilots themselves.