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

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

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

Featured Articles and Offers

Recent Videos

NVIDIA Earnings: Can Blackwell Propel the Stock to $200+ in 2025?
These Top Stocks in 2024 Will Continue to be Big Winners in 2025
’Best Report in 2 Years’: NVIDIA Earnings Crushes Expectations Again

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines