Southwest reaches contract with its pilots

  • Associated Press
  • Thursday, September 3, 2015 4:26pm
  • Business

DALLAS — Southwest Airlines said it has reached an agreement with union negotiators on terms for a new contract with pilots, whose approval would be needed before it takes effect.

Terms weren’t disclosed Thursday.

Leaders of the Southwest Airlines Pilots’ Association are expected to meet later this month to decide whether to hold a ratification vote. Southwest Vice President Craig Drew said the process is far from complete but the company is pleased to have this agreement.

Southwest has about 8,000 pilots. It’s the nation’s fourth-biggest airline, and 83 percent of its workers are represented by unions, according to a recent regulatory filing.

Shares of Dallas-based Southwest Airlines Co. fell 29 cents to close at $37.43. They have fallen 12 percent this year.

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.