Welcome to Extreme Investor Network, where we provide you with exclusive insights and analysis on the latest business news. Today, we dive into the world of aviation with Alaska Airlines making headlines for their ongoing labor disputes.
Alaska Airlines flight attendants recently rejected a new labor deal that would have included immediate raises averaging more than 24%. This decision sets the stage for further negotiations as the potential merger with Hawaiian Airlines looms in the background.
The tentative agreement reached in June was deemed a “record” deal, offering a combination of boarding pay, back pay, and average pay increases of approximately 32% over a three-year period. Despite this initial progress, the union and the company still have more work to do as they aim to address key issues and come to a mutual agreement.
Amidst the backdrop of the Covid-19 pandemic, airline workers across the industry have been advocating for better pay and improved working conditions. Salaries and fuel costs are among the biggest expenses for airlines, making labor negotiations a crucial aspect of the industry’s operations.
While pilots at major carriers have successfully negotiated new contracts in recent years, other airline workers, including flight attendants, continue their pursuit for fair compensation. For instance, American Airlines recently reached a deal with its flight attendants’ union, with members currently voting on its ratification. On the other hand, United Airlines is still in the process of negotiating a new contract with its flight attendants’ union.
As the aviation industry continues to navigate challenges and changes, stay tuned to Extreme Investor Network for the latest updates and in-depth analysis on business news. Don’t miss out on our exclusive insights and expert commentary to stay ahead of the curve in the world of investing and finance.