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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
SuccessSouthwest Airlines

Southwest Airlines agrees to a tentative labor deal with its 11,000 pilots after more than 3 years of negotiations

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The Associated Press
The Associated Press
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By
The Associated Press
The Associated Press
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December 19, 2023, 8:03 PM ET
Bob Jordan, chief executive officer of Southwest Airlines.
Bob Jordan, chief executive officer of Southwest Airlines.Christopher Goodney/Bloomberg via Getty Images

 Southwest Airlines and its pilots reached a tentative labor agreement after three-and-a-half years of negotiations, the last of the four major airlines to reach a deal with pilots.

The Dallas-based carrier said Tuesday it was pleased to reach the agreement in principle, which it called a “key milestone.”

Specific terms of the agreement weren’t disclosed, but pilots at American, United and Delta have won raises of roughly 40% over five years.

The Southwest pilots opened a “strike center” in Dallas last month and twice asked federal mediators for permission to begin a 30-day countdown to a strike, but they were rejected both times.

The Southwest Airlines Pilots Association said its 25-member board of directors will evaluate the agreement and if approved, will present it to the roughly 11,000 pilot members.

The tentative deal come just weeks after flight attendants at Southwest rejected a tentative deal after five years of talks during which the group didn’t receive raises.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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