Southwest Airlines’ new pilot contract provides for 50% pay raise over 5 years

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The Southwest Airlines Pilots Association (SWAPA), which represents more than 10,000 pilots at the Dallas-based carrier, also said its board has voted to send the deal to members for a ratification vote.

On Tuesday, the union said it has reached an agreement with the company for a $12 billion contract deal.

Southwest pilots will get a 29.15% pay raise immediately after the new contract’s ratification and a hike of 4% each in 2025, 2026 and 2027. The agreement provides for a 3.25% gain in wages in 2028.

After the contract ends in December 2028, they will get a 2.5% bonus each year until a new agreement is reached, the union said.

“The board believes this agreement achieves the goals of the pilot group, provides security for their families, and rewards their industry-leading productivity,” the union said.

Pilots will vote on the tentative agreement until Jan. 22, it said.