Friday, March 27, 2009

New Contract for Southwest Flight Attendants

The union representing Southwest Airlines Co. flight attendants has reached a preliminary contract agreement with the airline, according to a statement released by Southwest Thursday.

Dallas-based Southwest (NYSE: LUV) says the Transport Workers Union Local 556, which represents more than 9,800 Southwest flight attendants, has agreed to a tentative four-year contract agreement that would expire on May 31, 2012.

The contract first became eligible for change on May 3, 2008. Negotiations began in May of last year.

“We are pleased with this mutually beneficial contract that delivers enhancements to pay and benefits for our hard-working flight attendants,” said Daryl Krause, senior vice president of customer services with Southwest. “This agreement demonstrates TWU 556’s commitment to maintain Southwest’s unique culture, competitive position and financial strength during these challenging economic times.”

The TWU 556 board voted to present the contract to the flight attendants for a vote. That will occur in the next few weeks.

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