SEATTLE, Jan. 9, 2013 /PRNewswire/ -- Horizon Air and the International Brotherhood of Teamsters announced today that the carrier's 610 pilots ratified an agreement to extend the current contract for three years, creating a new six-year pact. Among pilots who voted, 77 percent approved ratification.
"The fact that the extension was achieved three years before the contract became amendable demonstrates the effectiveness of our sincerely collaborative approach with our union-represented workgroups," Horizon President Glenn Johnson said.
The new contract includes wage increases, improvements in productivity and quality of life, and better job security. The extended contract becomes amendable on Dec. 14, 2018, and was originally ratified in November 2010.
"We look forward to working together with the company to help Horizon continue on its path of increasing profitability, which will enable our airline to grow," said Captain Dan Johnston, Horizon Air Executive Council chairman.Alaska Airlines, a subsidiary of Alaska Air Group (NYSE: ALK), together with its partner regional airlines, serves 95 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico. Alaska Airlines has ranked "Highest in Customer Satisfaction Among Traditional Network Carriers" in the J.D. Power and Associates North America Airline Satisfaction Study(SM) for five consecutive years from 2008 to 2012. For reservations, visit www.alaskaair.com. For more news and information, visit the Alaska Airlines Newsroom at www.alaskaair.com/newsroom. SOURCE Alaska Air Group
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts