The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Business

Southwest Airlines and pilots’ union reach preliminary labor deal after years of contentious talks

by admin December 21, 2023
December 21, 2023
Southwest Airlines and pilots’ union reach preliminary labor deal after years of contentious talks

Southwest Airlines and its pilots’ union have reached a new preliminary labor agreement, ending months of tense negotiations and becoming the last of the largest U.S. airlines to strike a deal that is set to give aviators big raises.

The five-year deal is worth about $12 billion, Casey Murray, president of the Southwest Airlines Pilots Association, told CNBC on Tuesday. The union didn’t immediately provide details about pilot pay increases.

The company’s pilots will need to approve the preliminary contract. CNBC reported earlier this month that the two sides were close to a deal.

American, United and Delta pilots finalized deals earlier this year that were worth billions and gave aviators double-digit pay hikes. The Covid-19 pandemic derailed negotiations across the industry.

As travel demand snapped back, pilots, flight attendants and other aviation workers have pushed for not just higher pay, but also better working conditions such as more predictable schedules.

Labor unions have flexed their power throughout the year, yielding a string of big labor deals including agreements between Hollywood studios and actors, and the studios and writers, as well as between automakers and the United Auto Workers union. Those agreements followed prolonged strikes.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Toyota recalling 1.12 million vehicles over potential air bag issue
next post
Target blamed theft and violence for 9 store closures. Crime is higher at locations it kept open nearby

Related Posts

Capital One acknowledges ‘outage’ as users report issues...

January 17, 2025

Wayfair CEO likens home goods slowdown to 2008...

August 2, 2024

Delta cancels hundreds more flights as DOT opens...

July 24, 2024

Trader Joe’s recalls 653,000 scented candles due to...

August 16, 2024

The collapse of a fintech firm with 10...

May 24, 2024

Argentine President Milei faces impeachment calls for promoting...

February 20, 2025

How Vuori reached a $5.5 billion valuation by...

December 20, 2024

We found many loose bolts on our Max...

January 25, 2024

Marc Benioff is in talks to sell Time...

November 3, 2024

New sports bundle could give cord-cutting fans their...

February 8, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,404)
    • Investing (3,391)
    • Politics (4,572)
    • World (4,505)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved