We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 Airlines' Labor Contract With Simulator Technicians Ratified
Read MoreHide Full Article
Southwest Airlines Co. (LUV - Free Report) received encouraging tidings on the labor front when the airline announced that its Flight Simulator Technicians, represented by the International Brotherhood of Teamsters Local 19, voted in favor of their new contract.
Following the ratification, the airline’s Flight Simulator Technicians will be eligible for higher pay. Apart from the introduction of a new Simulation Engineer classification, the ratified contract offers maternity and parental leave for eligible employees. This contract will be amendable in September 2028.
The airline employs more than 50 Flight Simulator Technicians who maintain and support the company’s flight training equipment. With this result, the airline has finalized all of its labor contracts. Since October 2022, each of the 12 union-represented workgroups, representing about 83% of Southwest Employees, has ratified new contracts.
As U.S. airlines grapple with the labor shortage, the bargaining power of various labor groups has risen due to a robust recovery in air travel demand following the pandemic's lows. This heightened bargaining power has led to numerous labor agreements in the airline industry recently.
LUV’s Stock Price Performance
LUV is currently encountering several headwinds, ranging from high costs to escalated debt. As a result, the stock has declined 1.6% over the past year compared to its industry’s 31.3% uptick.
Image Source: Zacks Investment Research
The ratification of the deal with Flight Simulator Technicians represents a positive development for the stock, reflecting its labor-friendly approach. Satisfied labor groups lead to greater operational efficiency.
LUV’s Zacks Rank
Southwest Airlines currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks for investors’ consideration in the Zacks Transportation sector include C.H. Robinson Worldwide (CHRW - Free Report) and Westinghouse Air Brake Technologies (WAB - Free Report) .
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 14.2% in the past year.
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has a discouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The average beat is 11.8%. Shares of WAB have climbed 61% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Southwest Airlines' Labor Contract With Simulator Technicians Ratified
Southwest Airlines Co. (LUV - Free Report) received encouraging tidings on the labor front when the airline announced that its Flight Simulator Technicians, represented by the International Brotherhood of Teamsters Local 19, voted in favor of their new contract.
Following the ratification, the airline’s Flight Simulator Technicians will be eligible for higher pay. Apart from the introduction of a new Simulation Engineer classification, the ratified contract offers maternity and parental leave for eligible employees. This contract will be amendable in September 2028.
The airline employs more than 50 Flight Simulator Technicians who maintain and support the company’s flight training equipment. With this result, the airline has finalized all of its labor contracts. Since October 2022, each of the 12 union-represented workgroups, representing about 83% of Southwest Employees, has ratified new contracts.
As U.S. airlines grapple with the labor shortage, the bargaining power of various labor groups has risen due to a robust recovery in air travel demand following the pandemic's lows. This heightened bargaining power has led to numerous labor agreements in the airline industry recently.
LUV’s Stock Price Performance
LUV is currently encountering several headwinds, ranging from high costs to escalated debt. As a result, the stock has declined 1.6% over the past year compared to its industry’s 31.3% uptick.
Image Source: Zacks Investment Research
The ratification of the deal with Flight Simulator Technicians represents a positive development for the stock, reflecting its labor-friendly approach. Satisfied labor groups lead to greater operational efficiency.
LUV’s Zacks Rank
Southwest Airlines currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks for investors’ consideration in the Zacks Transportation sector include C.H. Robinson Worldwide (CHRW - Free Report) and Westinghouse Air Brake Technologies (WAB - Free Report) .
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 14.2% in the past year.
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has a discouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The average beat is 11.8%. Shares of WAB have climbed 61% in the past year.