Southwest nears labor deal with pilots union, CNBC reports

Southwest (LUV) and its pilots union are nearing a labor deal that would end months of negotiations, CNBC’s Leslie Josephs report. The new contract will likely include significant pay raises as well as improvements to retirement benefits and scheduling, Josephs writes. Delta (DAL), United (UAL), and American (AAL) have already finalized multibillion-dollar labor agreements with pilots this year. Southwest and the union “are working hard to close out the few remaining items,” an airline spokesman told CNBC. “Southwest remains committed to reaching an agreement that rewards our Pilots and places them competitively in the industry.”