SOUTHWEST AIRLINES' DISPATCHERS TO VOTE ON NEW CONTRACT

On January 23, 2023, Southwest Airlines Co. (NYSE: LUV) announced a Tentative Agreement with the Transport Workers Union Local 550 for its Dispatch Employees, encompassing more than 450 staff members.

Rhea-AI Summary

On January 23, 2023, Southwest Airlines Co. (NYSE: LUV) announced a Tentative Agreement with the Transport Workers Union Local 550 for its Dispatch Employees, encompassing more than 450 staff members. This agreement is designed to enhance compensation and quality of life while maintaining the airline's competitive edge. Adam Carlisle, Vice President of Labor Relations, emphasized the collaboration during negotiations, while Brian Brown, President of TWU 550, highlighted the industry-leading pay and beneficial work rules for members. The union will communicate details and the voting process to its members shortly.

Positive

• Tentative Agreement enhances compensation and work conditions for over 450 Dispatch Employees.
• Agreement supports Southwest's competitive edge in the airline industry.
• Negotiations reflected positive collaboration between Southwest and TWU 550.

Negative

• None.

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DALLAS, Jan. 23, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) and the Transport Workers Union Local 550 (TWU 550) today announced they reached a Tentative Agreement for the airline's Dispatch Employees.

"This agreement rewards our Dispatch Employees for their many contributions while also supporting the needs of our business," said Adam Carlisle, Vice President Labor Relations at Southwest Airlines^®. "I appreciate the partnership and dedication from both Negotiating Teams as they worked to reach this agreement."

"On behalf of the TWU 550 Board, I would like to thank the Negotiating Teams from both TWU 550 and Southwest^® for the tireless work and effort they put into negotiating our latest Tentative Agreement," said Brian Brown, President of the TWU 550. "This agreement brings our members industry-leading pay, quality of life improvements, and work rules that benefit our members and help maintain Southwest's competitive edge in the industry."

This Tentative Agreement covers Southwest's more than 450 Flight Dispatchers, Assistant Dispatchers, Flight Superintendents, Dispatch Specialists, and Dispatch ATC Specialists. The TWU 550 will share details directly with its members about the agreement and the voting process.

ABOUT SOUTHWEST AIRLINES CO.

Southwest Airlines Co. operates one of the world's most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 121 airports across 11 countries. Having celebrated its 50th Anniversary in 2021, Southwest took flight in 1971 to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline.¹ Based in Dallas and famous for an Employee-first corporate Culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. By empowering its more than 64,000² People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among as many as 130 million Customers carried a year. That formula for success brought industry-leading prosperity and 47 consecutive years³ of profitability for Southwest Shareholders (NYSE: LUV). Southwest leverages a unique legacy and mission to serve communities around the world including harnessing the power of its People and Purpose to put communities at the Heart of its success. Learn more by visiting Southwest.com/citizenship. Southwest is also continuing to develop tangible steps toward achieving carbon neutrality by 2050, including offering Customers an opportunity to help the airline offset its carbon emissions. To be part of the solution, visit Southwest.com/wannaoffsetcarbon.

1) U.S. Dept. of Transportation most recent reporting of domestic originating passengers boarded   
2) Fulltime-equivalent active Employees    
3) 1973-2019 annual profitability   

View original content:https://www.prnewswire.com/news-releases/southwest-airlines-dispatchers-to-vote-on-new-contract-301728678.html

SOURCE Southwest Airlines Co.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the recent Tentative Agreement announced by Southwest Airlines (LUV)?

Southwest Airlines (LUV) announced a Tentative Agreement with the Transport Workers Union Local 550 for over 450 Dispatch Employees, focusing on improved compensation and work conditions.

How many Dispatch Employees are covered under the new agreement from Southwest Airlines (LUV)?

The new Tentative Agreement covers more than 450 Dispatch Employees at Southwest Airlines.

When was the Tentative Agreement for Dispatch Employees announced by Southwest Airlines (LUV)?

The Tentative Agreement for Dispatch Employees was announced on January 23, 2023.

What benefits does the new Tentative Agreement provide for Dispatch Employees at Southwest Airlines (LUV)?

The Agreement provides industry-leading pay and quality of life improvements for Dispatch Employees.

Who is involved in the negotiations for the agreement at Southwest Airlines (LUV)?

The negotiations involved Southwest Airlines management and the Transport Workers Union Local 550.