Alaska Airlines Flight Attendants Secure Pay Bump, 32% Raise Goes To Vote
Portfolio Pulse from Shivani Kumaresan
Alaska Airlines flight attendants are set to receive a 32% pay raise as part of a new three-year tentative labor agreement. This agreement includes boarding pay, enhanced holiday and overtime pay, and 20 months of retroactive pay. The deal awaits ratification by the Association of Flight Attendants (AFA) union members. Alaska Air reported a 2% year-over-year revenue growth for Q1 FY2024, beating consensus estimates. ALK shares have lost over 25% in the last 12 months.
July 03, 2024 | 2:09 pm
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Alaska Airlines flight attendants are set to receive a 32% pay raise as part of a new three-year tentative labor agreement. This agreement includes boarding pay, enhanced holiday and overtime pay, and 20 months of retroactive pay. The deal awaits ratification by the Association of Flight Attendants (AFA) union members. Alaska Air reported a 2% year-over-year revenue growth for Q1 FY2024, beating consensus estimates. ALK shares have lost over 25% in the last 12 months.
The new labor agreement, which includes significant pay raises and other benefits, is likely to improve employee satisfaction and operational stability, potentially leading to better service and customer satisfaction. The recent revenue growth and beating of consensus estimates also indicate a positive financial outlook. However, the stock has lost over 25% in the last 12 months, suggesting some underlying challenges.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Alaska Airlines through the iShares U.S. Transportation ETF, which includes ALK. The new labor agreement for Alaska Airlines flight attendants, which includes a 32% pay raise and other benefits, could positively impact the ETF's performance.
The iShares U.S. Transportation ETF includes Alaska Airlines, which is set to benefit from a new labor agreement that could improve operational stability and employee satisfaction. This positive development for ALK could have a favorable impact on the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Alaska Airlines through the U.S. Global Jets ETF, which includes ALK. The new labor agreement for Alaska Airlines flight attendants, which includes a 32% pay raise and other benefits, could positively impact the ETF's performance.
The U.S. Global Jets ETF includes Alaska Airlines, which is set to benefit from a new labor agreement that could improve operational stability and employee satisfaction. This positive development for ALK could have a favorable impact on the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50