Alaska Airlines and its 7,000-member flight attendants union reached a tentative labor deal late Friday, concluding talks that lasted more than a year and a half.
The details of the deal will be reviewed by the union's leadership, followed by a member ratification vote, the Associate of Flight Attendants said. "With our combined efforts, we've been able to reach an agreement that provides quality of life and continued career growth at Alaska," Alaska Airlines said in an emailed statement to Reuters on Friday. American Airlines' flight attendants union a day earlier said that their union had failed to reach a deal on a new contract, and that it had moved closer to a strike.
As the industry seeks to benefit from the upbeat air travel demand, investing in airline stocks like CPA, SKYW, UAL and ALK can be a prudent move.