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Allegiant Travel Company (NASDAQ:ALGT) announced it has reached a tentative agreement with a union representing nearly 2,000 flight attendants.
The airline said it has reached a deal with the Transport Workers Union of America, AFL-CIO Local 577 “on all remaining open issues for the successor to the parties’ first collective bargaining agreement” after entering discussions in late 2022. The agreement covers about 1,900 flight attendants and includes “significant increases to wages and deadhead pay as well as benefits including updates to sick time, vacation, and retirement benefits.
“We would like to commend the hard work and dedication of the negotiating teams for both Allegiant and the TWU for meaningfully improving our contract on behalf of our flight attendants,” Allegiant President Greg Anderson said. “This historic deal reflects our shared commitment of fostering a work environment that properly recognizes the invaluable contributions they provide.”
A vote by the union’s full membership to ratify the deal is expected later in June. Allegiant (ALGT) stock rose 1.53% in afternoon trading on Friday.
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