Southwest Airlines ranked because the second greatest home airline, in keeping with Bounce’s 2023 Airline Index.
Aaronp/bauer-griffin | Gc Images | Getty Images
Southwest Airlines and its pilots’ union have reached a brand new preliminary labor settlement, ending months of tense negotiations and changing into the final of the most important U.S. airways to strike a deal that’s set to present aviators massive raises.
The five-year deal is value about $12 billion, Casey Murray, president of the Southwest Airlines Pilots Association, informed CNBC on Tuesday. The union did not instantly present particulars about pilot pay will increase.
The firm’s pilots might want to approve the preliminary contract. CNBC reported earlier this month that the 2 sides have been near a deal.
American, United and Delta pilots finalized offers earlier this yr that have been value billions and gave aviators double-digit pay hikes. The Covid-19 pandemic derailed negotiations throughout the trade.
As journey demand snapped again, pilots, flight attendants and different aviation staff have pushed for not simply increased pay, but additionally higher working circumstances comparable to extra predictable schedules.
Labor unions have flexed their energy all year long, yielding a string of big labor deals together with agreements between Hollywood studios and actors, and the studios and writers, in addition to between automakers and the United Auto Workers union. Those agreements followed prolonged strikes.
This is breaking information. Check again for updates.