Alaska Airlines and its pilots have reached a tentative five-year deal.
The new contract, which has been under development since last summer, includes pay raises, improved job security and ways to protect retirement and insurance benefits for pilots.
The union is expected to vote on the proposed deal next month.
More good news for Alaska Airlines: FlightStats' May report ranked the airline fourth in a list of the top 10 performing airlines in North America.
Alaska flights were on time 89.57 percent of the time even with the recent Federal Aviation Administration furloughs, FlightStats said. Only three airlines had higher on-time percentages: Aeroméxico Connect (93.02 percent), Horizon (91.66 percent) and Hawaiian (90.85 percent).
The FlightStats report also revealed that Seattle-Tacoma International Airport was second on a list of the top 10 performers among the world's busiest airports in May. With an on-time performance of 88.62 percent, Sea-Tac Airport was second only to Tokyo's Haneda Airport, where 93.82 percent of departures left on time.