"Southwest Airlines Pilots Ratify Five-Year Contract"

Southwest Airlines pilots have approved a new five-year labor agreement that includes a 50% pay raise over the period. The deal, valued at $12 billion, addresses issues such as pay, retirement benefits, disability insurance, and scheduling. This move comes as airlines compete to attract and retain pilots in the post-pandemic travel rebound. The hefty pilot contracts have also led to other work groups seeking similar gains, as seen with Southwest flight attendants rejecting a proposed contract last month.