• 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
  • Federal Reserve chair hints at a pause in rate hikes when central bank meet next month
  • 23andMe to delist from Nasdaq, deregister with SEC
  • Housing market may be thawing as rates dip and listings inch higher
  • Dave & Buster’s to let players bet against each other on arcade games
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

Tiger Woods announces split with Nike, leaving brand’s ties to...

January 9, 2024

AI drive-thru ordering is on the rise — but it...

July 4, 2024

Government workers dismayed by Trump’s return-to-office mandate

January 27, 2025

How raising interest rates helps fight inflation and high prices

July 14, 2023

U.S. stocks close higher, bouncing back from deep sell-off

August 7, 2024

Warren Buffett’s Berkshire Hathaway sold nearly half its stake in...

August 5, 2024

Super Micro’s $50 billion stock collapse underscores risk of AI...

November 1, 2024

Passengers sue Boeing and Alaska Airlines for $1 billion over...

March 5, 2024

Americans are starting to feel better about the economy and...

December 9, 2023

Nvidia loses nearly $600 billion in market value after Chinese...

January 28, 2025

    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

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025

    Popular Posts

    • 1

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

      June 27, 2024 2,765 views
    • 2

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

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

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

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    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

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    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

    8 key technologies transforming the future...

    December 20, 2022

    Consumers choose their favorite retailers ahead...

    October 24, 2024

    NFL owners vote in favor of...

    August 28, 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