Then in April and July, respectively, JetBlue announced plans to acquire Spirit and entered into a merger agreement to combine the two airlines. Contract talks began in April 2019. The pilots current four-year contract became amendable on August 1, 2022. In light of these risks and uncertainties, the forward-looking events discussed in this Earnings Release might not occur. JetBlue ALPA leaders met Wednesday at the New York Marriott Downtown. ADVANCING AVIATION SAFETY AND SECURITY SINCE 1931, Laser Illumination Reporting & Mitigation. Ninety-six percent of eligible pilots participated in the ballot. Asked if the Delta deal influences JetBlue talks, Kenney responded, The Delta agreement in principle does support us in a way that shows where the industry is going for compensation these days. Agreement is valued at $675 million, ALPA says; One-time payments set at $17,000 for captains, $11,000 for first officers to be paid within 30 days of contract signing VIEW NOW DART CONTACT US CLICK TO SUBMIT 1770 Kirby Parkway, Suite 300, Memphis, TN 38138 In order to avoid possible labor strife, management must [] The MEC responded by seizing the opportunity presented by the merger to achieve immediate gains for the pilots through a short-term contract extension. MCLEAN, VAToday, JetBlue pilots, represented by the Air Line Pilots Association, Int'l (ALPA), have approved an agreement (Letter of Agreement 17) that ends a more than yearlong dispute with the Company stemming from its unilateral implementation of parts of the Northeast Alliance (NEA) with American Airlines that violated the pilots' collective JetBlue Airways Corp. pilots would receive 21.5% in cumulative average pay raises over the course of the agreement, plus supplemental one-time payments, the Air Line Pilots Association said in an emailed statement. Most recently, ALPA backed a successful negotiation for a 21.5% pay rise over the next 18 months for JetBlue flight deck crew and provided support to Hawaiian Airlines and Delta Air Lines on new contract proposals. As JetBlue pursues this merger, this agreement protects the career expectations of JetBlue pilots while the market for pilots rises.. Were also making sure that management sees our unity at PUB events, at LEC meetings, and by simply wearing the ALPA lanyard.. The new contract entails a 21.5% pay hike . You may opt-out by. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. "As JetBlue pursues this merger, this agreement protects the career expectations of JetBlue pilots while the market for pilots rises," said Chris Kenney, chair of ALPA's JetBlue unit. The last Delta pilots contract was agreed upon in 2016, stamping a term that ran through 2019. . In February 2021, the pilots voted down a letter of agreement to allow the Company to continue the full NEA as not providing enough benefits in exchange for the contractual leeway. We exclude aircraft fuel and related taxes, operating expenses related to other non-airline businesses, such as JetBlue Technology Ventures and JetBlue Travel Products, and special items from operating expenses to determine CASM ex-fuel, which is a non-GAAP financial measure. If you owe the IRS money and are filing your tax return on April 18, then yes, you should pay your tax bill that same day. An extension would spare management the need for full contract negotiations and allow them to focus on the merger. . Last round that took 6ish months. JetBlue Airways pilots have agreed to a contract extension that includes a salary increase of 21.5%over the next 18 months. CONTACT: ALPA Media, 703-481-4440 or Media@alpa.org, Air Line Pilots Association, International, 7950 Jones Branch Drive, Suite 400S, McLean, VA 22102 | (703) 689-2270, Contact Us|ALPA Gear| Privacy/Terms| Login Help. Wayne Scales is behind Kenney, to his left. The pilots, represented . United Pilots Are Not Close On Contract, But Talks Will Ramp Up. About ALPA > At that point, The MEC turned to more focused negotiations on compensation, said Chris Kenney, chairman of the master executive council of the 4,700 member JetBlue ALPA chapter. There is no good reason that we cant come to an agreement with our management team before the year is out, continued Kenney. Tel: +1 718 709 2202 JetBlue will conduct a conference call to discuss its quarterly earnings today, January 26, 2023 at 10:00 a.m. Eastern Time. Stay connected with ALPAFacebook Twitter Flickr YouTube LinkedIn Instagram, View source version on businesswire.com: https://www.businesswire.com/news/home/20221118005413/en/, ALPA Media, 703-481-4440 or Media@alpa.org. JetBlue Airways posted a $24 million profit in the final quarter of the year as end-of-year travel spending rose to compensate for higher costs, especially for jet fuel. Paid approximately $114 million in debt and finance lease obligations during the fourth quarter of 2022. The Pilot-to-Pilot and Communications Committees engaged in pilot outreach and communicating the most accurate information. Ohio State kept fighting, and there was a lot more offense to speak of than last time against Michigan State, but the Spartans won on senior day. JetBlue Airways pilots, represented by the Air Line Pilots Association, Int'l (ALPA), were approved for a $5 million grant from ALPA's Major Contingency Fund after this week's round of contract negotiations with management resulted in insufficient progress to yield an agreement acceptable to the pilot group. Were confident that were on a path to materially improve our financial performance throughout the remainder of 2023 and deliver a full-year adjusted profit with margins approaching pre-pandemic levels. The Air Line Pilots Association (ALPA), which represents more than 4,600 pilots at JetBlue, said 75% of the pilots voted in favor of ratifying the agreement, which provides for a compensation. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including, without limitation, the COVID-19 pandemic including existing and new variants, and the outbreak of any other disease or similar public health threat that affects travel demand or behavior; restrictions on our business related to the financing we accepted under various federal government support programs such as the Coronavirus Aid, Relief, and Economic Security Act, the Consolidated Appropriations Act, and the American Rescue Plan Act; our significant fixed obligations and substantial indebtedness; risk associated with execution of our strategic operating plans in the near-term and long-term; the recording of a material impairment loss of tangible or intangible assets; our extremely competitive industry; volatility in financial and credit markets which could affect our ability to obtain debt and/or lease financing or to raise funds through debt or equity issuances; volatility in fuel prices, maintenance costs and interest rates; our reliance on high daily aircraft utilization; our ability to implement our growth strategy; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on a limited number of suppliers, including for aircraft, aircraft engines and parts and vulnerability to delays by those suppliers; our dependence on the New York and Boston metropolitan markets and the effect of increased congestion in these markets; our reliance on automated systems and technology; the outcome of the lawsuit filed by the Department of Justice and certain state Attorneys General against us related to our Northeast Alliance entered into with American Airlines; our being subject to potential unionization, work stoppages, slowdowns or increased labor costs; our presence in some international emerging markets that may experience political or economic instability or may subject us to legal risk; reputational and business risk from information security breaches or cyber-attacks; changes in or additional domestic or foreign government regulation, including new or increased tariffs; changes in our industry due to other airlines financial condition; acts of war or terrorism; global economic conditions or an economic downturn leading to a continuing or accelerated decrease in demand for air travel; adverse weather conditions or natural disasters; external geopolitical events and conditions; the occurrence of any event, change or other circumstances that could give rise to the right of JetBlue or Spirit Airlines, Inc. (Spirit) or both of them to terminate the Merger Agreement; failure to obtain applicable regulatory approval in a timely manner or otherwise and the potential financial consequences thereof; failure to satisfy other closing conditions to the transaction with Spirit; failure of the parties to consummate the transaction; JetBlues ability to finance the transaction with Spirit and the indebtedness JetBlue expects to incur in connection with the transaction; the possibility that JetBlue may be unable to achieve expected synergies and operating efficiencies within the expected timeframes or at all and to successfully integrate Spirits operations with those of JetBlue; the possibility that such integration may be more difficult, time-consuming or costly than expected or that operating costs and business disruption (including, without limitation, disruptions in relationships with employees, customers or suppliers) may be greater than expected in connection with the transaction with Spirit; failure to realize anticipated benefits of the combined operations; demand for the combined companys services; the growth, change and competitive landscape of the markets in which the combined company participates; expected seasonality trends; diversion of managements attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the transaction with Spirit; risks related to investor and rating agency perceptions of each of the parties and their respective business, operations, financial condition and the industry in which they operate; risks related to the potential impact of general economic, political and market factors on the companies or the transaction with Spirit; and ongoing and increase in costs related to IT network security. (ALPA), the world's largest pilots' union, representing more than 60,000 pilots in the United States and Canada. Now Its Back, Replacing Russian Losses In Ukraine. The NEA, a marketing alliance and enhanced code-share agreement between American Airlines and JetBlue, is designed to increase competition against the other major players in the New York and Boston markets. In October, the pilots proposed to management that the difficult and resource-consuming bargaining issues in a full contract negotiation be set aside for the time being. You can learn more about the cookies we use here. The conclusion of the regulatory review of the merger likely wont come until 2024. The pilots have been negotiating for short-term extension that is narrowly focused on a few economic improvements to bring their contract in line with the rising market for pilots at other airlinesbefore JetBlue engages in potentially lengthy merger discussions.
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