Southwest Airlines announced late Wednesday that it has a tentative agreement with its dispatchers, represented by the Transport Workers Union. The deal covers five years to November 2014.

The current contract became amendable in November 2009. The National Mediation Board became involved in early 2011.

“I am extremely proud of both negotiation teams and their dedication in accomplishing this important task,” said Matt Hafner, Southwest’s vice president of the operations coordination center in a statement.

“This tentative agreement represents hours of hard work and I’m pleased to say is mutually beneficial for not only our hard-working dispatchers, but also the entire company, our customers, and our shareholders during this challenging economic time in the airline industry,” he said.

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