• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Southwest Airlines and pilots’ union reach preliminary labor deal after years of contentious talks
Editor's Pick

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

by December 21, 2023
by December 21, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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
You Might Also Like
  • Dow rallies more than 500 points to record, closes above 37,000 for the first time
  • A viral theory on TikTok says nice people don’t get promoted. But experts disagree.
  • Nintendo Switch 2 retail preorder to begin April 24 following tariff delays
  • Telenor report: IoT adoption in APAC set to surge
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Top Five Charts of 2023 #3: Market Breadth Indicators
next post
TGI Fridays-branded chicken bites sold at grocery stores nationwide recalled due to plastic contamination

You may also like

Amazon to lay off 9,000 more workers

March 23, 2023

U.S. engine maker facing largest Clean Air Act penalty ever...

December 23, 2023

Fed officials see ‘upside risks’ to inflation, possibly leading to...

August 18, 2023

Bud Light sales plunged after boycott over campaign with transgender...

August 4, 2023

Extreme heat makes flying harder. Airlines and airports say they...

July 29, 2024

Target stock falls 21% as big discounting effort falls short

November 21, 2024

New deep-water channel allows first ship to pass Key Bridge...

April 26, 2024

Black founders who banked with SVB fear backsliding on hard-won...

March 18, 2023

Ulta Beauty CEO outlines plans to boost sales after first-quarter...

June 2, 2024

Google’s second antitrust trial could help shape the future of...

September 6, 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.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,632 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.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 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Frontier CEO urges crackdown on ‘rampant...

    May 24, 2024

    U.S. payrolls climbed by 209,000 in...

    July 11, 2023

    Free cash programs spread as more...

    April 14, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here