Southwest Airlines (LUV), Pilots Union Reach Tentative Agreement Over New Contract
- Wall Street dips on Trump protectionism, Qualcomm drag
- Yahoo! (YHOO) Tops Q4 EPS by 4c; Sees Verizon Deal Closing in Q2, Not Q1
- Aetna's (AET) Humana (HUM) Takeover Blocked by Judge as Anticompetative
- Trump signs order withdrawing U.S. from Trans-Pacific trade deal
- After-Hours Stock Movers 1/23: (REXX) (MRCY) (SYNC) Higher; (FSM) (OCUL) (CASC) Lower (more...)
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
Southwest Airlines Co. (NYSE: LUV) announced that it has reached a tentative agreement (TA) on the terms of a new contract for its Pilots.
"We appreciate our Pilots and recognize their role in the Company's success," said Executive Vice President and Chief Operating Officer Mike Van de Ven. "With the support and assistance of the NMB, the negotiating teams were able to reach an agreement that balances the needs of our Pilots and the Company."
The Negotiating Committees will work this week to draft final language. Once complete, the agreement will go through the normal union ratification process. Dates and details on a ratification vote will be announced in the days ahead.
The current Pilot contract became amendable September 1, 2012. The Southwest Airlines Pilots' Association represents approximately 8,000 Pilots.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Overseas Shipholding Group (OSG) Reaches Agreement with SEC
- First Internet Bancorp (INBK) Names Nicole Lorch as COO
- Simmons First National Corp (SFNC) to Acquire First Texas BHC for $462M
Create E-mail Alert Related CategoriesCorporate News, Litigation, Management Comments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!