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Alaska Airlines flight attendants vote YES on new contract

1. Alaska Airlines flight attendants ratified a new three-year contract. 2. The agreement includes increased pay, scheduling flexibility, and improved benefits. 3. 95% of voting flight attendants approved the new contract. 4. This contract supports Alaska Airlines' long-term transformation and guest service vision. 5. The contract is a precursor for upcoming negotiations with Hawaiian Airlines.

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FAQ

Why Bullish?

Ratified contracts enhance employee satisfaction and productivity, expected to improve service quality. Historically, similar labor agreements have led to improved operational performance and stock price appreciation.

How important is it?

The new contract directly addresses labor costs and employee satisfaction, crucial for operational efficiency and profitability. Improved flight services could enhance customer loyalty and market share, benefitting ALK's financials.

Why Short Term?

The immediate effect on staff morale and service quality enhances customer experience soon. Upcoming merger negotiations could create strategic opportunities impacting valuation in the near term.

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HAUALDAL
, /PRNewswire/ -- Alaska Airlines' more than 6,900 flight attendants, who are represented by the Association of Flight Attendants (AFA), have ratified a new three-year contract. The agreement includes significant improvements including increased pay (including boarding and a ratification payment), greater flexibility and scheduling enhancements, better benefits and more. An Alaska Boeing 737-8 aircraft. This is the eighth ratified labor contract between an Alaska Air Group company and one of our represented workgroups in the last three years aimed at improving wages, quality of life, and supporting our company's long-term success. Alaska Air Group is on a journey to transform our business, and our flight attendants are one of many groups critical to our vision in creating a remarkable travel experience for our guests. More than 90% of Alaska flight attendants voted, and the agreement passed by 95%. "One of the many reasons our guests choose to fly Alaska is our flight attendants and the warm welcome, fantastic service and commitment to safety they provide onboard," said CEO Ben Minicucci. "I'm glad to have them working under a new contract that values their contributions to Alaska, and I'm grateful to our colleagues at AFA who bargained with determination and fierce dedication for our flight attendants. We are focused on making Alaska Airlines a place for the best people in the business to grow their careers, and this new contract reflects that.""This agreement marks a major milestone for Alaska Airlines Flight Attendants. It reflects their essential role in ensuring both safety and operational excellence," said Jeffrey Peterson, AFA Alaska Master Executive Council (MEC) President. "Furthermore, it will immediately and significantly improve their lives while setting a strong foundation for upcoming Joint Collective Bargaining Agreement negotiations as we move forward with the merger between Alaska Airlines and Hawaiian Airlines."Effective March 2, 2025, the new contract includes increased pay (including boarding pay, a newly implemented market rate adjustment and more), work rules that maintain a 10-hour and 30-minute hour duty day (the shortest in the industry, alongside Southwest) and improvements in many sections of the contract such as scheduling, caps on insurance premiums and more.The previous contract became amendable in December 2022. Contracts in the airline industry do not expire. Once they become amendable, the current contract remains in effect until a new agreement is ratified.About Alaska Air GroupAlaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, with McGee Air Services a subsidiary of Alaska Airlines. With hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco, we deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia and the Pacific. Alaska is a member of the oneworld Alliance with Hawaiian scheduled to join in 2026. With oneworld and our additional global partners, guests can earn and redeem miles for travel to over 1,000 worldwide destinations. Guests can book travel at alaskaair.com and hawaiianairlines.com. Learn more about what's happening at Alaska and Hawaiian. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK."SOURCE ALASKA AIRLINES WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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