document.write(new Date().getFullYear()) Air Line Pilots Association, International. The market for qualified pilots is on the rise, and JetBlue pilots will not allow their careers to be put into a holding pattern while their airline pursues its merger ambitions. JetBlue will conduct a conference call to discuss its quarterly earnings today, January 26, 2023 at 10:00 a.m. Eastern Time. Our committees are reaching out and getting pilots accurate information quicklyand reminding everyone of the importance of fact over rumor. News Room. Chris Kenney, chair of the JetBlue unit of ALPA. The 70-year-old is the first notable Democratic candidate to formally enter the race. RECONCILIATION OF OPERATING EXPENSE, INCOME (LOSS) BEFORE INCOME TAXES, NET INCOME (LOSS) AND EARNINGS (LOSS) PER SHARE EXCLUDING SPECIAL ITEMS AND (LOSS) GAIN ON EQUITY INVESTMENTS, Total operating expenses excluding special items, Operating income (loss) excluding special items, Income (loss) before income taxes excluding special items and (loss) gain on equity investments, Pre-tax margin excluding special items and (loss) gain on equity investments, Less: Income tax benefit related to special items, Less: Income tax benefit (expense) related to (loss) gain on equity investments, Net income (loss) excluding special items and (loss) gain equity investments, Less: (Loss) gain on equity investments, net of tax, Basic excluding special items and (loss) gain on equity investments, Diluted excluding special items and (loss) gain on equity investments. (ALPA), the world's largest pilots' union, representing more than 60,000 pilots in the United States and Canada. Industry-leading completion factor in December. https://www.businesswire.com/news/home/20221118005413/en/, Reports: 3 children dead, 2 wounded in attack at Texas home, Kellyanne Conway, George Conway To Divorce After Decadeslong Marriage: Report, School punished teen girl for working out in sports bra in 100-degree Texas heat, ACLU says, U.S. court won't require FAA to make airplane seat size, spacing rules, 'Extremely dangerous': Spike in illegal crossings at Canada-Vermont border has feds sounding alarm, Hugh Grant admits 'terrible' on-set tantrum on Dungeons and Dragons movie, Ronald Reagans son says late president would be embarrassed for GOP because of Kari Lake, Police: Argument preceded fatal California school stabbing, Grizzlies' Dillon Brooks blasts Draymond Green, Warriors: 'I don't like anything to do with them', Texas A&M defeats Alabama 67-61 behind a career high 28 points from Wade Taylor IV, Bulk buying rush at Mannings! 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. "We are committed to our alliance with. The pilots contract became amendable on August 1, 2022, and the refocused negotiations are limited to only key economic issues in an effort to complete a contract extension this year. JetBlue uses non-GAAP financial measures in this press release. JetBlue carries customers to more than 100 cities throughout the United States, Latin America, Caribbean, Canada, and United Kingdom. However, with open and accurate information, this pilot group will continue to succeed., 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. In October, JetBlue and Spirit agreed to merge. Forward Looking Statements
The carrier reported a net income for the fourth quarter of 2022 of $24 million ($0.07 per share), up significantly from a loss of $129 million during the same period last year. For more information and the best fares, visit jetblue.com. Non-GAAP financial measures are financial measures that are derived from the consolidated financial statements, but that are not presented in accordance with generally accepted accounting principles in the United States, or GAAP. Freshman Paige Weiss made Sparta history inside Boardwalk Hall by turning the tables on an old nemesis. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The agreement ratified today puts JetBlue pilots in a strong position for future negotiations for either a joint collective bargaining agreement with the pilots at Spirit Airlines or, should the merger fail to conclude, a comprehensive standalone collective bargaining agreement, the union adds. 2 min read NEW YORK, November 18, 2022 -- ( BUSINESS WIRE )--JetBlue Airways pilots, represented by the Air Line Pilots Association, Int'l (ALPA), met with. In a midnight session on December 15, the JetBlue Master Executive Council (MEC) Negotiating Committee reached a tentative agreement with the company for a two-year contract extension that would provide economic improvements aligned with a rapidly rising market. See who you know. As we kick off 2023, were pleased to see the demand environment remain solid into the seasonally trough period of the year, said Joanna Geraghty, JetBlues President and Chief Operating Officer. News Room >
The pilots are driving for negotiations to conclude before the end of 2022, with the last negotiating session scheduled for December 1314. Discover something new every day from News, Sports, Finance, Entertainment and more! See year-by-year charts of grievances and contact information. A breakthrough in the industrys ongoing pilot contract talks came late Friday, when Delta ALPA announced an agreement in principle that would provide an immediate 18% pay raise and a cumulative raise of 34% after three years, plus multiple work/life balance improvements. Introduced the new TrueBlue loyalty program, bringing added value and new perks to a broad set of customers. Fourth quarter of 2022 capacity increased by 2.4% compared to the fourth quarter of 2019. The last Delta pilots contract was agreed upon in 2016, stamping a term that ran through 2019. 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. There is some reason for cheer in the American airline industry. Login here or use the login link in the upper top-right of this page to continue to our members-only area. Welcome to flightglobal.com. The letter noted, however, that Even with a narrow negotiating scope, coming to an agreement takes time. For instance, it said, When issues like early termination clauses are introduced, not by the company, complexity is increased.. Now, with contract negotiations ongoing, JetBlue aims to merge with another airline. In order to avoid possible labor strife, management must [] The webcast replay and presentation materials will be archived on the companys website. All quotes delayed a minimum of 15 minutes. Founded in 1931, the Association is chartered by the AFL-CIO and the Canadian Labour Congress. We narrowed this down by setting aside work rule and scheduling issues that affect pilot quality of life, in order to expedite this process and secure an agreement as quickly as possible, said Scales, a Boston-based A320 captain. In this aggressive bargaining cycle, pilot unity is more crucial than ever, said Kenney. Darren Hartmann. JetBlue Airways chief executive Robin Hayes has received a two-year extension on his employment contract, the airline disclosed in a 9 December filing with the US Securities and Exchange Commission (SEC). News Room. By continuing to browse this site you are agreeing to our use of these cookies. Visit the ALPA website at alpa.org or follow us on Twitter "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. By Howard Hardee2023-01-31T18:37:00+00:00. Today, the JetBlue Master Executive Council (MEC) of the Air Line Pilots Association, Int'l (ALPA) announced to JetBlue Airways management its intention to open contract negotiations 180 days in advance of their collective bargaining agreement's (CBA's) July 31, 2022, amendable date. Both airlines retain full control of all aspects of their respective business, including pricing, routing, and capacity. 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. document.write(new Date().getFullYear()) Air Line Pilots Association, International. Stay connected with ALPAFacebook Twitter Flickr YouTube LinkedIn Instagram, View source version on businesswire.com: https://www.businesswire.com/news/home/20221202005239/en/, https://www.businesswire.com/news/home/20221202005239/en/. Maintained an adjusted debt to capital ratio of 52%. In January, the carrier signed a pilot contract, valued at $145 million, that provides for a 20% increase in base rate pay by 2017. December 31, Revenue passenger miles (RPMs) (millions), Operating expense per ASM, excluding fuel (cents)(1), Average number of operating aircraft during period, Average fuel cost per gallon, including fuel taxes, Average number of full-time equivalent crewmembers. A 1-0 lead entering the third period became a 4-1 loss for the Detroit Red Wings against the N.Y. Islanders on Saturday in Elmont, N.Y. Mar. Paid approximately $114 million in debt and finance lease obligations during the fourth quarter of 2022. . Since the NEA was announced in the summer of 2020, JetBlue pilots have enforced their contract and, when necessary, disputed the Companys ability to enter into this code-share agreement with American Airlines without the consent of the pilots, said Capt. News & Events >
Read Now ALPA is the largest airline pilot union in the world and represents more than 66,000 pilots at 40 U.S. and Canadian . ADVANCING AVIATION SAFETY AND SECURITY SINCE 1931, Laser Illumination Reporting & Mitigation. This comprehensive new agreement includes over US$7 billion in cumulative increases over four years, said the Air Line Pilots Association ( ALPA) in a statement. Air Line Pilots Association, International JETBLUE PILOT CONTRACT COMPARISON JETBLUE PILOT CONTRACT COMPARISON Synopsis of Pay Rates, Work Rules, and Benefits for: Alaska However, this grant will make it easier for us to make it abundantly clear that the pilot contract must come before the merger. Were also making sure that management sees our unity at PUB events, at LEC meetings, and by simply wearing the ALPA lanyard.. "JetBlue and ALPA worked together on this tentative agreement to achieve much-needed cost savings during this unprecedented time," JetBlue said. 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.