Published on : Thursday, June 23, 2016
Allegiant (NASDAQ: ALGT) the Company and the International Brotherhood of Teamsters (IBT), representing Allegiant Air pilots, have worked together to reach a tentative contract agreement. The tentative agreement must be voted on and ratified by Allegiant Air pilots. Ratification results are expected in late July.
“We are pleased to have come to an agreement with the IBT and our pilots. This contract, once approved by our pilots, will allow us to move into a new chapter at Allegiant,” saidMaury Gallagher, Chief Executive officer. “Our pilots are a vital part of our team, and we are looking forward to building a better future with them and for them.”
“We thank the IBT for their willingness to work hard at the negotiation table to get a deal done that improves the lives of our pilots while maintaining our ability to offer a great, low-cost product to our customers,” said Jude Bricker, Chief Operating Officer. “We also want to thank the National Mediation Board and our mediator, who was instrumental in helping us reach an agreement. This is a significant accomplishment that will allow Allegiant and its pilots to focus on our company’s future together.”
Allegiant Air pilots elected the International Brotherhood of Teamsters (IBT) to represent them in August 2012. This will be the first contract agreement between the pilots and the Company since electing union representation. Allegiant and IBT have been negotiating in mediated sessions with the National Mediation Board since February 2014.