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Southwest Airlines pilots reach agreement in principal on labor deal:

Negotiators for pilots at Southwest Airlines LUV.N have reached an agreement in principle with the company for a new five-year contract worth $12 billion, the union said on Tuesday, adding that its board still needs to decide whether to send the deal to members for a ratification vote.

Southwest Airlines pilots reach agreement for $12 billion contract

Negotiators for pilots at Southwest Airlines have reached an agreement in principle with the company for a new five-year contract worth $12 billion, the union said on Tuesday, adding that its board still needs to decide whether to send the deal to members for a ratification vote. The Southwest Airlines Pilots Association (SWAPA), which represents more than 10,000 pilots at the Dallas-based carrier, did not provide details of the deal. Casey Murray, SWAPA's president, said the union's board will meet on Wednesday to evaluate the deal and decide whether to send it to the pilots for a ratification vote.

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