Southwest Airlines has this week announced that a tentative five year agreement has been made with pilots, and that a vote will be made on it’s approval.
This will represent another landmark deal for pilots at the airline, and if approved, will provide significant benefits moving forward.
Without further ado, let’s get into it…
Southwest Airlines Pilots to Vote on Five-Year Agreement…
“Our Pilots are exemplary aviators, and this agreement would give them industry-leading pay rates, and numerous quality-of-life enhancements, while also providing opportunities for operational efficiencies”.
“I thank both negotiating committees and the National Mediation Board for their hard work to achieve this milestone, and I am glad our Pilots will get to vote on this agreement soon.”
The airline gave additional details about the deal, saying the following:
“SWAPA will communicate details of the contract and the voting process to Pilots.”
“Southwest began accruing for market wage rates for all open labor contracts April 1, 2022. The Company’s fourth quarter 2023 guidance range for operating expenses per available seat mile, excluding fuel and oil expense, profitsharing, and special items (CASM-X), including those associated with this Tentative Agreement, remains unchanged at down 16 percent to 19 percent year-over-year”
“The CASM-X guidance range is inclusive of market wage rate accruals for this, and all open labor contracts, related to the fourth quarter 2023 time period.”
All eyes will be on whether this deal will be approved by the pilots at Southwest Airlines.
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