Pilots at Southwest Airlines have approved a new contract with huge pay raises. The pilots' union said Monday that the contract was approved on a vote of 93% to 7%.

Pilots at Southwest Airlines have overwhelmingly approved a new contract that will raise their pay rates by nearly 50% by 2028, becoming the last group of pilots at the nation’s four biggest airlines to score huge raises.

The Southwest Airlines Pilots Association said Monday that the agreement covering pay and other issues for about 11,000 pilots was ratified by a 93% to 7% margin.

Airline labor groups – and pilots in particular – have succeeded in negotiating pay raises over the past year as most U.S. have returned to solid profitability coming out of the pandemic. Pilots have been helped by a shortage, particularly at smaller carriers that act as training grounds for American, Delta, United and Southwest.

The Southwest agreement followed more than three years of bargaining.