Union employees at Alaska Airlines approved a contract that will provide pay raises for about 3,000 clerical, office and passenger-service workers.
The International Association of Machinists and Aerospace Workers said Wednesday that the 5-year contract includes 12.3 percent in wage increases and “holds the line” on health-care costs.
Separately, Cowen & Co. analyst Helane Becker raised her estimate of Seattle-based Alaska Air Group’s first-quarter earnings to $1.08 per share from 96 cents per share, citing the company’s improved forecast of short-term costs and solid revenue for airlines. The consensus among analysts surveyed by FactSet was $1.02 per share.
Shares of the Seattle-based company rose $4.23, or 4.7 percent, to close at $95.04 Wednesday.
- On his birthday, Russell Wilson gives Seattle Seahawks perhaps his greatest game to beat Pittsburgh Steelers
- Seahawks 39, Steelers 30: What the national media are saying about Russell Wilson and Seattle's turnaround
- Girlfriend finds nothing funny about couple’s sense of humor
- Lake Stevens quarterback Jacob Eason gets visit from WSU’s Mike Leach; commitment to Georgia ‘in holding pattern’
- Could losing Jimmy Graham somehow help galvanize the Seattle Seahawks for a playoff run?