JetBlue pilots open negotiations over new labor deal
Reuters
Published Apr 03, 2024 12:19PM ET
(Reuters) - Nearly 5,000 pilots represented by the Air Line Pilots Association (ALPA) served a notice to JetBlue Airways (NASDAQ:JBLU) to open negotiations for a new collective bargaining agreement, the union said on Wednesday.
The pilots had negotiated a contract extension with the company at the time it was pursuing the now called-off merger with Spirit Airlines (NYSE:SAVE), the union said.
"We now expect the company to come to the bargaining table prepared to negotiate terms on pay and working conditions in line with the standards and direction of the industry," said Justin Houck, head of the JetBlue ALPA master executive council.
JetBlue did not immediately respond to a request for comment.
The company's CEO, Joanna Geraghty, last month pledged to return the airline to profitability by cutting costs through buyouts to employees in corporate, airport and customer support functions.
Pilots across North America are pressing for better pay and benefits, buoyed by a shortage of aviators amid a boom in air travel.
Earlier this year, Southwest Airlines (NYSE:LUV) pilots approved a new labor agreement offering about a 50% pay raise over a five-year period.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.