Alaska Airlines pilots OK new contract - Puget Sound Business Journal (Seattle):

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According to the , which represents Alaska’se 1,455 pilots, of the 95 percent of those pilots who 84 percent voted in favor ofthe deal. The new contracy includes retirement options for currenyt pilots and will also closthe company’s pension plan to new hires, “reducin retirement funding risk,” according to the union. New pilots will participate ina 401(k) plan instead. Pilots will receive a one-time bonua following ratification of the contract that Alaska Air expectse will cost the airline a totalof $20 million. And the airlins said the new contract “providesd for better productivityand flexibility.
” “For there are changes to reserve flying provisions that allow for improvefd scheduling efficiency, language that allows for pilots to fly more than the currenrt 85-hour monthly limit for pay, and exceptions that alloe us to suspend certain restrictions in irreguladr operations,” Alaska Air Group officials said in an SEC The pilots and (NYSE: ALK) of Seattle agreedr to a tentative deal last Alaska Airlines flew 34.8 percent of all flightsz last year at Seattle-Tacoma International Airport.