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Southwest flight attendants would get 36% pay raises in new contract - TL;DR CNBC

Southwest flight attendants would get 36% pay raises in new contract

Publishing timestamp: 2023-11-01 15:01:45


Summary

Southwest Airlines flight attendants have reached a tentative agreement for a new five-year contract that includes a 36% cumulative pay increase. The deal is still subject to ratification by the union's members. This comes after years of negotiations and other aviation labor groups also winning proposed pay hikes. The new contract includes a 20% raise in January and 3% after, as well as retroactive raises going back to late 2019. Flight attendants are scheduled to start voting on the agreement in mid-November. Southwest is also negotiating with its pilots.


Sentiment: POSITIVE

Tickers: LUV, 

Keywords: aerospace and defense industry,  business,  southwest airlines co,  personnel,  labor economy,  business news,  airlines,  transportation,  breaking news: business, 

Source: https://www.cnbc.com/2023/11/01/southwest-flight-attendants-would-get-36percent-pay-raises-in-new-contract.html


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