Alaska Air flight attendants ratify labor contract

(Reuters) - Alaska Air (NYSE:ALK) flight attendants have ratified a new three-year labor contract, a union representing the workers said on Friday.
The Association of Flight Attendants-CWA, the union representing the attendants at the Seattle-based carrier, said that 95% of the votes cast supported the new agreement.
The ratified agreement would provide attendants with pay increases ranging from 18.6% to 28.3%, boarding pay, 25 months of retroactive pay and two additional raises over the contract’s duration, among other benefits, the union said.
In August, the workers had rejected a three-year tentative agreement, which was the first to legally bind boarding pay for unionized flight attendants.
Alaska welcomed the ratification in a statement.
"I’m glad to have them working under a new contract that values their contributions to Alaska," the carrier’s CEO Ben Minicucci said.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.Should you invest $2,000 in ALK right now?Before you buy stock in ALK, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is ALK one of them?
Reveal Undervalued Stocks Now