See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Southwest Airlines Co. (LUV) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Southwest Airlines Co. (LUV) - free report >>
Image: Bigstock
Southwest Airlines (LUV) & IBT Approve New Collective Deal
Southwest Airlines Co. (LUV - Free Report) declared that its Material Specialists, represented by International Brotherhood of Teamsters, approved a collective bargaining contract.
Vice president labor relations at Southwest Airlines, Adam Carlisle, stated, “Our Material Specialists support the Safety and integrity of our fleet and ground equipment by providing the tools and parts needed for maintenance. We're glad to reward their work, and I thank both parties for delivering this contract six months before the amendable date.”
The deal covers LUV’s more than 480 material specialists, who oversee technical operation inventory management across the airlines network. The new contract means material specialists will receive pay increase for the next five years. The deal becomes amendable in April 2026.
Zacks Rank
LUV currently carries a Zacks Rank #5 (Strong Sell).
Stocks to Consider
Some better-ranked stocks for investors interested in the Zacks Transportation sector are FedEx Corporation (FDX - Free Report) and Ryder System (R - Free Report) .
FDX’s consistent efforts to reward shareholders through dividends and buybacks are encouraging. It presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
FedEx's liquidity position is also impressive. To navigate the weaker-than-expected business environment, FDX is cutting costs.
Ryder, which currently carries a Zacks Rank #2, is benefiting from its consistent efforts to reward shareholders through dividends and share repurchases.
Despite weak market conditions, Ryder reported better-than-expected earnings in second-quarter 2023. In fact, the company has an impressive earnings surprise history. R has surpassed the Zacks Consensus Estimate in three of the last four quarters (missing the mark once), the average beat being 11.2%.