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SOUTHWEST AIRLINES

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Southwest Airlines : Teamsters Reach Tentative Agreement for Southwest Airlines Material Specialists

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01/12/2019 | 08:16am EDT

WASHINGTON, Jan. 11 -- The International Brotherhood of Teamsters issued the following news release:

* * *

- Agreement Raises Standards for Workers in the Airline Industry

* * *

The Teamsters have reached a tentative agreement with Southwest Airlines on behalf of members who work as material specialists for the commercial carrier.

The nearly 300 material specialists at Southwest oversee the company's technical operation inventory management across the network.

"I would like to thank the committee for their hard work and dedication to bringing forward this industry-leading tentative agreement to the membership," said Captain David Bourne, Director of the Teamsters Airline Division. "Our members are true aviation professionals, and this agreement will recognize them as such."

The Southwest material specialists are members of Teamsters Locals 986, 104, 781, 19, 769 and 210. The agreement contains a number of significant improvements in wages and benefits.

© 2019 Targeted News Service, source News Service

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Financials ($)
Sales 2019 23 087 M
EBIT 2019 3 243 M
Net income 2019 2 488 M
Finance 2019 1 168 M
Yield 2019 1,30%
P/E ratio 2019 11,09
P/E ratio 2020 9,68
EV / Sales 2019 1,13x
EV / Sales 2020 1,07x
Capitalization 27 354 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 59,2 $
Spread / Average Target 18%
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Managers
NameTitle
Gary C. Kelly Chairman & Chief Executive Officer
Thomas M. Nealon President
Michael G. Van de Ven Chief Operating Officer
Tammy Romo CFO, Principal Accounting Officer & Executive VP
Kathleen Wayton Senior VP, Chief Information & Technology Officer
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