Chris Kenney, the pilots MEC chair. Wayne Scales is behind Kenney, to his left. We are honoring our side of that agreement. Our GAAP results in the applicable periods were impacted by credits and charges that were deemed special items. In light of these risks and uncertainties, the forward-looking events discussed in this Earnings Release might not occur. Stratus Financial Blog - JetBlue Pilots Agree to Contract Extension A live broadcast of the conference call will also be available via the internet at http://investor.jetblue.com. Catch-up on the latest press releases and news articles from JetBlue ALPA or ALPA National directly from this page. Airline mergers may take even longer, commented Capt. By providing your email address below, you are providing consent to JetBlue to send you the requested Newsroom Email Alert updates. It also includes a reduction in health insurance premiums, better vacation conditions and improvements in . What will it take to Decarbonise Aviation? Facebook One thing you should know, however, is that you don't have to pay your tax bill in conjunction with filing your tax return. We are putting management on notice that these negotiationsand our careerswont be put on hold while JetBlue navigates a merger, commented Capt. ADVANCING AVIATION SAFETY AND SECURITY SINCE 1931, Laser Illumination Reporting & Mitigation. If you are in need of help, contact ALPA's Pilot Peer Support (PPS) program. The Air Line Pilots Association announced on Monday that JetBlue Airways ( NASDAQ: JBLU) pilots it represents have approved a two-year contract extension. As Contract Negotiations Slow, JetBlue Pilots Are Bolstered with $5 We also continue to make progress on our multi-year path to grow our loyalty revenue stream as a percentage of our total revenue base and close the gap to best in class loyalty performance., Available Seat Miles (ASMs) Year-Over-Year, CASM Ex-Fuel(2) (Non-GAAP) Year-Over-Year. Technical. DALLAS On Wednesday, the Air Line Pilots Association (ALPA), which represents the more than 15,000 pilots at Atlanta-based Delta Air Lines (DL), announced that 78% of the pilots who voted had overwhelmingly approved a new agreement with up to 34% pay increases. Hartmann. The industry has changed even with the Alaska tentative agreement, with over 20% pay increases across the pilot group. Air Canada Pilots Want Raises After Delta Air Lines Pilots Agree To New Were excited to continue building on last years record performance as we look at another strong year of revenue growth, underpinned by multiple network and commercial initiatives, including strong earnings accretion from the NEA as our markets mature. Pilots at Delta Air Lines have ratified a new contract that includes over $7 billion in cumulative increases in pay and benefits over four years and is widely expected to be a benchmark . We are putting management on notice that these negotiationsand our careerswont be put on hold while JetBlue navigates a merger," commented Capt. As our company looks to merge with another airline, its more important than ever that our pilots demonstrate the unity that brought ALPA to our property just nine years ago and achieved our first contract in 2018, Kenney remarked. Discover something new every day from News, Sports, Finance, Entertainment and more! JetBlue pilots approve contract extension (NASDAQ:JBLU) Delta is the first U.S. carrier to have a breakthrough with its union. In this aggressive bargaining cycle, pilot unity is more crucial than ever, said Kenney. Delta Air Lines Pilots Approve Contract with 1/3 Pay Raise But its not just Delta, he said. JetBlue pilots approve two-year contract extension - union Thanks to the outstanding efforts of JetBlues crewmembers, we closed the year with strong fourth quarter performance, driving the highest full-year revenue result in our history, and solid cost execution as we hit our full-year cost target. The Air Line Pilots Association (ALPA), which represents the more than 15,000 pilots at Atlanta-based Delta, said 78 percent of cockpit crew members that voted were in favor of the four-year . While management pursued an acquisition and merger with Spirit Airlines, the pilots pressed for a contract extension to bring them in line with their peers rather than wait for joint collective bargaining agreement negotiations after the acquisition. Operating expenses per available seat mile (CASM) for the fourth quarter of 2022 increased 28.4% compared to the fourth quarter of 2019. Every pilot group has its own set of contract goals. NEW YORK, December 02, 2022--(BUSINESS WIRE)--Today, JetBlue Airways pilots, represented by the Air Line Pilots Association, Intl (ALPA), were approved for a $5 million grant from ALPAs Major Contingency Fund after this weeks round of contract negotiations with management resulted in insufficient progress to yield an agreement acceptable to the pilot group. The deal, effective Feb. 1, is further evidence of the bargaining power pilots are enjoying as carriers staff up to meet booming travel demand. Visit the ALPA website at alpa.org or follow us on Twitter See year-by-year charts of grievances and contact information. That compares to about $330 at Delta, $310 at United, $278 at American and $306 under the Alaska contract.. 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But some airline executives are concerned that hefty pay raises for pilots will inflate fixed costs and make it tougher to repair debt-laden balance . The Australian Competition and Consumer Commission (ACCC) has granted interim approval to Qantas and Jetstar for their continued co-operation with Jetstar units in Singapore and Japan. 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. As Negotiations Continue, JetBlue Pilots Call on Company to Deliver a For years, the pilots helped JetBlue weather difficult times and contributed to the current success and stability of the airline. To opt-in for email alerts, please enter your email address in the field below. The pilot group also created a public website, placed radio ads, and had new lanyards sent to each pilot. Added flights in New York and Boston as the Northeast Alliance (NEA) continues to bring low fares and great service to more communities, and boost competition in the region. The pilots current four-year contract became amendable on August 1, 2022. Love at first sight was the stuff of fairy tales, once upon a time, but perhaps no longer. 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. However, new pilots arent the only way that JetBlue is growing. Adjusted debt to capitalization ratio is a non-GAAP financial metric which we believe is helpful to investors in assessing the company's overall debt profile. New YorkToday, JetBlue Airways pilots, represented by the Air Line Pilots Association, Intl (ALPA), were approved for a $5 million grant from ALPAs Major Contingency Fund after this weeks round of contract negotiations with management resulted in insufficient progress to yield an agreement acceptable to the pilot group. Letter of Agreement 17 not only gives the pilot group a voice in this alliance and its continuation, but also provides improvement to our current pay scale and sick-leave policies.. To that end, both parties have agreed to an additional bargaining session next Wednesday, December 7, which marks just over the half-way point of the scheduled negotiating sessions, the letter said. This Earnings Release (or otherwise made by JetBlue or on JetBlues behalf) contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which represent our managements beliefs and assumptions concerning future events. superduck. The committee held numerous pilot unity building (PUB) events after Local Executive Council (LEC) and MEC meetings and after bargaining sessions so that pilots could ask questions directly to the MEC and the Negotiating Committee. If Trump wins the nomination, he wont win the general, Reagan says, Check Out Singles Who Want to Chat and Date - Join Zendate.com Today. Contract Now.. We believe were well positioned to further build on that success in 2023, with a disciplined plan to continue strengthening our foundations both operationally and financially, said Robin Hayes, JetBlues Chief Executive Officer. The pilots current four-year contract became amendable on August 1, 2022. This would allow the pilots to advance their careers in an industry with a rising market for pilots, while also affording JetBlue management the opportunity to devote their resources to running a quality operation and pursuing a merger with another airline, rather than the distraction of a protracted negotiation. Our committees are reaching out and getting pilots accurate information quicklyand reminding everyone of the importance of fact over rumor. Operating revenue of $2.4 billion for the fourth quarter of 2022, the highest fourth quarter operating revenue in company history. Pilots would also get a one-time payment up to $17,000. "JetBlue and ALPA worked together on this tentative agreement to achieve much-needed cost savings during this unprecedented time," JetBlue said. With a merger pending, the normal slow course of comprehensive Section 6 contract talks would have meant that we were going down a path that would take us years as resources were expended and as the regulatory aspect played out to get the pilots up to date with the industry, said Kenney, a Los Angeles-based A320 captain.