The accord also boosts retirement benefits. It includes a 15 percent pay increase to cover years the pact was being negotiated and 3 percent annual raises. Pay for Southwest pilots would increase 29.4 percent compounded over the term of the four-year agreement, the union said. The airline, which generally seeks productivity improvements in order to hold down expenses, still is negotiating with three other unions. 31 approval of a contract for flight attendants that kept them the best paid in the industry. The vote is the second victory in a week for Southwest in efforts to nail down future labor costs, following the Oct. More than 96 percent of pilots cast ballots, the union said. “This has been an incredible year of pilot unity and resolve,” Jon Weaks, union president, said in a statement. The labor group, which represents 8,500 aviators, and the airline negotiated more than four years on the accord. The agreement was approved by about 84 percent of those voting, the Southwest Airlines Pilots’ Association said in a statement Monday. Green Airport, approved a new contract that will boost pay almost 30 percent over its term and improve retirement benefits while falling short of recent raises proposed at some rival U.S. All rights reserved.Pilots at Southwest Airlines Co., the biggest carrier at T.F. (The-CNN-Wire & 2022 Cable News Network, Inc., a Time Warner Company. There are severe restrictions on strikes by airline employees under the federal law that controls labor relations in the industry, and it would take months, at least, before a strike could begin, if it ever could. The pilots have plans to hold a strike vote in May. These include mediated talks with the union representing pilots and flight attendants, two of the groups most affected by the airline's scheduling system that was the cause of the service meltdown. 26.Ībout 83% of Southwest employees are represented by union groups, and the airline is currently in negotiations concerning seven separate contracts that cover most of those union members. Southwest will disclose more details of the cost when it reports financial results Jan. RELATED: Southwest Airlines outlines recovery from operations meltdown late last year Southwest said the "gratitude" pay to employees is included in that estimate. About half of that cost was the result of lost ticket revenue, with the rest allocated to customers' compensation, higher operating costs and increased pay to employees. ![]() ![]() The estimated cost of their bonus pay was disclosed in a message from the Southwest Airlines Pilots Association to its membership saying the "gratitude pay" will be equal 50% of the pilots' regular pay, excluding holiday pay, sick pay or vacation time.Įarlier this month Southwest disclosed the cost of the service problems, which resulted in more 16,700 canceled flights between December 21 and 29, would cost the company between $725 million and $825 million. RELATED: Poor planning, bad luck, systemic challenges | Why Southwest really cancelled flights? The airline said it will also compensate other employee groups who worked through the period, although it did not immediately identify which employees or how much they'll receive, CNN reported. Southwest Airlines has agreed to pay its pilots an estimated $45 million in bonus "gratitude pay" for working through the company's service meltdown during the holiday travel period at the end of last year. After thousands of Southwest Airlines flights were canceled at the end of last year, the airline is outlining its road to recovery.
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