United and Pilots Union Agree on Terms for Early Retirement

United Airlines Holdings Inc. reached a tentative agreement with its pilots over terms for voluntary leave programs and an “early out” separation plan for senior pilots who are 62 and older, their union said Thursday.

The deal with the Air Line Pilots Association came a day after United notified about 36,000 employees, including 2,250 pilots, that they could lose their jobs in October. The leave programs follow similar plans by American Airlines Group Inc. and Delta Air Lines Inc. to reduce their pilot ranks given the deep decline in air travel demand.

The voluntary programs are designed to entice ...