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.
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
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
