(Bloomberg) -- American Airlines Group says its pilots union declined to join other labor groups in accepting premium pay for working holiday periods in November and December.
- Co.'s offer to pilots would have provided as much as 200% premium pay
- Allied Pilots Association says offer doesn't address long-term schedule issues
- Union board unanimously rejected offer
- Stocks falls 1.5% to $21.94 at 9:50 a.m. in New York, biggest decline in S&P 500 Airline Index
- NOTE: Nov. 9, American Air Offers $1,000 Bounties to Firm Up Holiday Staffing
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