(By Balaseshan) Southwest Airlines Co. (NYSE:LUV) said the Aircraft Maintenance Technicians (AMT) from the company and its subsidiary AirTran Airways ratify seniority integration agreement.
AMT from Southwest Airlines, represented by the Aircraft Mechanics Fraternal Association (AMFA), and AirTran Airways, represented by the International Brotherhood of Teamsters (IBT) Local 528, voted to ratify their seniority integration agreement.
This agreement integrates the two groups' seniority lists. Southwest Airlines finalized closing of the acquisition of AirTran Holdings Inc., on May 2, 2011.
AMFA represents about 1,750 Southwest Airlines Aircraft Maintenance Technicians, and the IBT represents close to 500 Mechanics from AirTran Airways.
The vote by the AMTs means they now join the Pilots, Flight Attendants, Flight Instructors, Dispatchers, and Ramp, Operations, Provisioning and Freight Agents as having successfully completed the Seniority Integration negotiation process.
Work groups still in seniority integration negotiations include Customer Service Agents and Customer Support and Service Employees and Materials Specialists.
LUV is trading down 0.54% at $9.26 on Thursday. The stock has been trading between $7.15 and $11.65 for the past 52 weeks.