financetom
Business
financetom
/
Business
/
Southwest Airlines flight attendants ratify new contract
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Southwest Airlines flight attendants ratify new contract
Apr 25, 2024 8:52 AM

(Reuters) - Southwest Airlines' ( LUV ) flight attendants on Wednesday voted in favor of a new contract with an immediate 22% pay raise, the union representing the employees and the carrier said on Wednesday.

Nearly 20,000 flight attendants at the airline voted in favor of a new collective bargaining agreement, the Transport Workers Union's local chapter 556 said.

Of the nearly 93% of eligible voters, 81% voted in support of the contract which will give them an immediate 22% pay raise this year and 3% per year raises till May 2028.

The new contract comes after the airline's two previous attempts to secure a deal with the union.

Southwest ( LUV ) has ratified contracts with eleven union-represented worker groups since October 2022, including a deal with its pilots earlier this year which will offer a near 50% pay raise over a five-year period.

Flight attendants at rival American Airlines and United Airlines are also negotiating with the carriers for better pay and benefits, including pay for their time during boarding and on the ground.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
France's Safran posts higher first-half profit
France's Safran posts higher first-half profit
Jul 30, 2024
PARIS, July 31 (Reuters) - Jet engine and equipment maker Safran reaffirmed financial targets as it posted higher first-half profit on Wednesday, led by growth in the demand for spares and maintenance for existing aircraft and an end to losses in aircraft interiors. The French aerospace company said recurring operating income rose 41% in the first half to 1.974 billion...
Adidas says Q2 underlying North America sales rise
Adidas says Q2 underlying North America sales rise
Jul 30, 2024
(Reuters) -Adidas said on Wednesday its second-quarter revenues in North America, excluding sales of the Yeezy line, increased from last year, driven by growth in both wholesale and its own retail. Including Yeezy, the currency-neutral sales in North America - Adidas' second-biggest market behind Europe - fell by 8% to 1.3 billion euros ($1.51 billion) in the April to June...
Microsoft shares fall in Frankfurt after disappointing update
Microsoft shares fall in Frankfurt after disappointing update
Jul 30, 2024
(Reuters) - Microsoft's ( MSFT ) Frankfurt-listed shares fell 2.7% at the open on Wednesday following a disappointing update. The U.S. tech group said on Tuesday it would spend more money on AI infrastructure, even as growth slowed in its cloud business, another sign the payoff from hefty investments in the technology may take longer than Wall Street had hoped....
Safran says Howmet production issue behind jet engine delays
Safran says Howmet production issue behind jet engine delays
Jul 30, 2024
PARIS, July 31 (Reuters) - Aircraft parts maker Howmet Aerospace ( HWM ) supplies a key component at the centre of recent delays in LEAP jet engine production, the head of one of the engine maker's parent companies said on Wednesday. Supplies of high-pressure turbine blades for the engines were disrupted when the production yield - or proportion of output...
Copyright 2023-2026 - www.financetom.com All Rights Reserved