We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Southwest (LUV) Inks Another Agreement-in-Principle
Read MoreHide Full Article
Close on the heels of the tentative deal inked with the union representing its pilots, the Dallas-based Southwest Airlines Co. (LUV - Free Report) entered into an “agreement in principle” with its facilities maintenance technicians. Upon ratification, the five-year long deal will ensure higher pay and better working conditions for the low-cost carrier’s maintenance technicians.
The deal is however quite a distance away from materialization. Following the agreement-in-principle, the contract will now have to be reviewed by the National Executive Committee of the concerned union, that is, Aircraft Mechanics Fraternal Association (AMFA) – before the ratification voting procedure commences. The company will announce the date for the ratification process later. In the event of the deal with technicians materializing, it would mark the first deal for them since being accreted into AMFA.
Apart from the current agreement with technicians and the tentative deal with its pilots a few days ago, the carrier has inked other labor-related deals too of late. Earlier this year, Southwest reached a deal with its ground staff. We note that labor deals have been quite prevalent in the airline space of late. With the financial status of carriers greatly improved due to cheap oil, it is of little surprise that workers are demanding higher pay.
Southwest Airlines currently carries a Zacks Rank #5 (Strong Sell). Better-ranked stocks in the airline space include ANA Holdings Inc. (ALNPY - Free Report) , Copa Holdings SA (CPA - Free Report) and SkyWest Inc. (SKYW - Free Report) , all with a Zacks Rank #2 (Buy).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Southwest (LUV) Inks Another Agreement-in-Principle
Close on the heels of the tentative deal inked with the union representing its pilots, the Dallas-based Southwest Airlines Co. (LUV - Free Report) entered into an “agreement in principle” with its facilities maintenance technicians. Upon ratification, the five-year long deal will ensure higher pay and better working conditions for the low-cost carrier’s maintenance technicians.
The deal is however quite a distance away from materialization. Following the agreement-in-principle, the contract will now have to be reviewed by the National Executive Committee of the concerned union, that is, Aircraft Mechanics Fraternal Association (AMFA) – before the ratification voting procedure commences. The company will announce the date for the ratification process later. In the event of the deal with technicians materializing, it would mark the first deal for them since being accreted into AMFA.
Apart from the current agreement with technicians and the tentative deal with its pilots a few days ago, the carrier has inked other labor-related deals too of late. Earlier this year, Southwest reached a deal with its ground staff. We note that labor deals have been quite prevalent in the airline space of late. With the financial status of carriers greatly improved due to cheap oil, it is of little surprise that workers are demanding higher pay.
SOUTHWEST AIR Price
SOUTHWEST AIR Price | SOUTHWEST AIR Quote
Zacks Rank & Key Picks
Southwest Airlines currently carries a Zacks Rank #5 (Strong Sell). Better-ranked stocks in the airline space include ANA Holdings Inc. (ALNPY - Free Report) , Copa Holdings SA (CPA - Free Report) and SkyWest Inc. (SKYW - Free Report) , all with a Zacks Rank #2 (Buy).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>