Southwest Pilots On The Verge Of Strike As They Seek To Be Released From Mediation
Portfolio Pulse from Akanksha Bakshi
Southwest Airlines Co.'s pilots' union is reportedly moving closer to a possible strike. The union has filed a request with the National Mediation Board to be officially released from mediation, stating that talks began more than three years ago and several critical problems remain unsolved. In May, Southwest pilots overwhelmingly authorized union leaders to call for a strike if the National Mediation Board approves it. LUV shares are trading higher by 0.64% at $36.18 premarket on Friday.
June 30, 2023 | 12:34 pm
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Southwest Airlines is facing a potential strike from its pilots' union, which could disrupt operations and impact revenues. Despite this, LUV shares are trading higher premarket.
The potential strike by Southwest Airlines' pilots' union could lead to disruptions in the company's operations, which could negatively impact revenues and profitability. This could potentially lead to a decrease in the company's stock price. However, the stock is currently trading higher, indicating that the market may not have fully priced in the potential impact of the strike.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100