Spirit Airlines Pilot Strike Vote: Less Than Meets the Eye
Earlier this week, pilots at Spirit Airlines (NASDAQ: SAVE) began voting to authorize the union leadership to call a strike if negotiations with the airline break down.
To the casual observer, it might seem like Spirit's pilot crisis -- which led to a rash of flight cancellations back in May -- is getting worse. However, the strike authorization vote is purely symbolic. The probability that Spirit Airlines pilots will actually strike remains minuscule, largely because they would need the approval of a federal mediator to go on strike.
Despite Spirit Airlines' visible labor discord. a pilot strike is unlikely. Image source: Spirit Airlines.
Source: Fool.com
Southwest Airlines Co. Stock
€24.65
-2.140%
Our community is currently high on Southwest Airlines Co. with 14 Buy predictions and 6 Sell predictions.
As a result the target price of 33 € shows a positive potential of 33.87% compared to the current price of 24.65 € for Southwest Airlines Co..
