Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

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

by 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
If you faced a tax penalty during the pandemic, the IRS may have a new break for you
next post
Baselode and Ya’thi Nene Lands and Resources Sign Exploration Agreement

Related Posts

Feds announce nationwide crackdown on robocalls and telemarketing...

July 19, 2023

Need a new passport? State Department says apply...

July 7, 2023

FTX lawyers accuse Sam Bankman-Fried of financing his...

July 21, 2023

Has the Stanley cup hype reached its peak?

January 7, 2024

Southern California Edison acknowledges videos suggest link between...

February 8, 2025

Overstock.com wins auction for Bed Bath & Beyond’s...

June 24, 2023

Walgreens announces price cuts on 1,300 items amid...

May 30, 2024

Millions of parents and young kids could be...

December 13, 2023

Government shutdown November deadline: What happens to Social...

November 15, 2023

What is Apple’s ‘SOS mode’? iPhone feature lets...

February 27, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Latest

    • Joe Rabil’s Undercut & Rally Pattern: From DROP to POP

    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

    • Coelacanth Energy

    • Jeffrey Christian: Gold, Silver, PGMs — Short-term Prices and Key Drivers

    • Ericsson, Rogers Launch Canada’s First Underground 5G Network for Smart Mining

    • Crypto Market Recap: Bitcoin Price Stalls as Fed Holds Rates Steady, Circle Shares Jump

    Categories

    • Business (1,259)
    • Investing (2,583)
    • Politics (3,699)
    • Stocks (1,669)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.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 © 2025 moneycontrolplace.com | All Rights Reserved