Link/Source: http://www.morningstar.com/news/globe-n ... ement.html
"Spirit Airlines and its pilots, represented by the Air Line Pilots Association, Int’l (ALPA), announced the ratification of a new five-year working agreement Wednesday. Of the 98 percent of pilots who voted, 70 percent cast ballots in favor of the agreement."
“This agreement increases our annual compensation, delivers job protections, and maintains important quality-of-life protections,” said Capt. Stuart Morrison, chairman of the Spirit unit of ALPA."
"Spirit Airlines’ agreement with ALPA includes an average 43 percent increase in pay rates on date of signing, double-digit direct contributions to pilots’ retirement plans, and $75 million in ratification compensation."
"We are very pleased to reach this important agreement with our pilots," said Robert Fornaro, Spirit’s Chief Executive Officer."
Congrats to the Spirit pilots and all involved.
Up next JetBlue and ALPA.
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