Southwest Airlines' (LUV) 5-Year Pact With Pilots is Approved

Southwest Airlines (LUV) received encouraging tidings on the labor front when the company’s pilots, represented by Southwest Airlines Pilots Association or SWAPA, approved a five-year deal pertaining to wage increase.  Evidently, SWAPA represents 11,000 pilots of Southwest Airlines. In the entire exercise, 98.8% pilots participated with 92.73% casting their votes in favor of the deal.The approval makes LUV’s pilots eligible for an immediate 29.15% pay raise and a hike of 4% each in 2025, 2026 and 2027. The ...