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.
- 4 Mount Rainier High teens charged in alleged gang rape on field trip
- How opera, QVC and his ‘Dirty Jobs’ gig prepared Mike Rowe for the Seattle stage
- Donate to a charity? IRS sets rules for taking deductions
- Justice Antonin Scalia dead at 79
- Examining if the Seahawks would be a good fit for Matt Forte