Southwest Airlines Pilots Approve $12B Labor Agreement

The new contract, ratified by 93% of votes, offers a 50% pay raise over five years and includes changes to retirement, scheduling and parental-leave programs.

Southwest Airlines pilots have approved a new labor agreement, averting a potential strike.
The new $12 billion contract offers a 50% pay raise over a five-year period.
The agreement was ratified by a 93% to 7% margin, following more than three years of bargaining.
The contract includes an immediate 29.15% pay raise, followed by 4% raises in 2025, 2026, and 2027, and a 3.25% increase in 2028.
The contract also includes changes to pilot retirement, scheduling and parental-leave programs.