Southwest Airlines, pilots agree in principle on new contract

August 29, 2016 8:15 PM

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Southwest Airlines, pilots agree in principle on new contract

Southwest Airlines Co (LUV.N) and its pilots have agreed in principle on a new contract, the U.S. budget carrier's pilot union said on Monday.

The agreement, which runs through Aug. 31, 2020, includes future pay hikes as well as retrospective increases from 2013, Southwest Airlines Pilots' Association (SWAPA) said. (bit.ly/2c0ycrB)

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