Air Canada and the union representing over 5,200 of its pilots have reached a tentative four-year labor agreement that averts a potential nationwide shutdown. The deal, which is pending ratification by union members and approval by the airline's board, aims to address wage disparities and is expected to generate an additional $1.9 billion for the pilots. Key provisions include a 42% overall compensation increase, with a 26% upfront boost, intended to align pilot wages more closely with U.S. counterparts. Negotiations were intense, spanning more than a year, and both parties expressed relief at avoiding disruptions that could have grounded over 1,000 daily flights. The airline has emphasized its ongoing record profits, while the pilots sought fairer compensation amidst these gains. The agreement's specifics remain confidential until finalized, but it is seen as a significant step toward ensuring both company growth and pilot satisfaction.