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Horizon Air Pilots Ratify 6-Year Contract

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On Wednesday, Alaska Air Group (NYSE: ALK  ) subsidiary Horizon Airlines and the International Brotherhood of Teamsters announced that Horizon's pilots union, which the Teamsters represent, has approved an extension to its collective bargaining agreement.

The agreement extends the pilots' previous contract, which was signed in November 2010. It fixes the terms of employment for six years, running through Dec. 14, 2018, and provides for "wage increases, improvements in productivity and quality of life, and better job security," the parties said in a statement.

Alaska Air shares are up 0.5% on the news at $46.22.


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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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