Southwest Airlines, pilots' union reach preliminary labor deal after years of contentious talks

Southwest Airlines, pilots' union reach preliminary labor deal after years of contentious talks


Southwest Airlines ranked as the second best domestic airline, according to Bounce’s 2023 Airline Index.

Aaronp/bauer-griffin | Gc Images | Getty Images

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 is breaking news. Check back for updates.



Source

MLB is tapping into NASCAR to help grow baseball
Business

MLB is tapping into NASCAR to help grow baseball

MLB will be playing its first ever baseball game at Bristol Motor Speedway in Tennessee. MLB Major League Baseball is taking America’s pastime to an iconic NASCAR track, and the game is set to top league attendance records. On Saturday, MLB will play its first-ever game in Tennessee as part of the MLB Speedway Classic, […]

Read More
High Noon recalls some 12-packs, saying they may contain Celsius energy drink cans filled with vodka seltzer
Business

High Noon recalls some 12-packs, saying they may contain Celsius energy drink cans filled with vodka seltzer

High Noon vodka seltzer and Celsius energy drinks. Kevin Carter | David Paul Morris | Bloomberg | Getty Images High Noon has issued a nationwide recall of one of its popular vodka seltzer drinks, saying some packages may contain Celsius energy drink cans filled with the alcoholic beverage. The cans, labeled as Celsius Astro Vibe […]

Read More
Apartment rents drop in July as vacancies move to multiyear high
Business

Apartment rents drop in July as vacancies move to multiyear high

A sign on the side of a building in Hell’s Kitchen, New York City, advertising an apartment is available for rent through a real estate broker.  Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images The massive surge of new apartment supply in the last few years is still being absorbed, and that […]

Read More