Free Trial

Southwest Airlines, pilots union reach tentative labor deal

A Southwest Airlines Boeing 737 Max aircraft lands at the Southern California Logistics Airport on March 23, 2019, in Victorville, Calif. Southwest Airlines and its pilots reached a tentative labor agreement after three-and-a-half years of negotiations, the last of the four major airlines to reach a deal with pilots. The Dallas-based carrier said Tuesday, Dec. 19, 2023, it was pleased to reach the agreement in principle which it called a "key milestone." (AP Photo/Matt Hartman, File)

NEW YORK (AP) — Southwest Airlines and its pilots reached a tentative labor agreement after three-and-a-half years of negotiations, the last of the four major airlines to reach a deal with pilots.

The Dallas-based carrier said Tuesday it was pleased to reach the agreement in principle, which it called a “key milestone.”

Specific terms of the agreement weren't disclosed, but pilots at American, United and Delta have won raises of roughly 40% over five years.

The Southwest pilots opened a “strike center” in Dallas last month and twice asked federal mediators for permission to begin a 30-day countdown to a strike, but they were rejected both times.

The Southwest Airlines Pilots Association said its 25-member board of directors will evaluate the agreement and if approved, will present it to the roughly 11,000 pilot members.

The tentative deal come just weeks after flight attendants at Southwest rejected a tentative deal after five years of talks during which the group didn't receive raises.

Where Should You Invest $1,000 Right Now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Pelosi Bets Big on AI: Her Top 5 Stock Picks
Risk vs. Reward: Why Analysts Predict Big Gains for Struggling SMCI
3 Quantum Computing Stocks to Watch in 2025 (That Aren’t Rigetti)

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines