@ALPAPilots. Our forward-looking statements speak only as of the date of this Earnings Release. Further information concerning these and other factors is contained in JetBlues filings with the Securities and Exchange Commission, or SEC, including but not limited to, JetBlues 2021 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The TA has been ratified. Returned to profitability in the second half of 2022 with revenue growth at record levels, combined with an acute focus on maintaining an optimal low-cost structure. JetBlue will conduct a conference call to discuss its quarterly earnings today, January 26, 2023 at 10:00 a.m. Eastern Time. JetBlue Pilots Ratify New Contract Extension. In 1954. News & Events > "We are committed to our alliance with. Facebook 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. As the airline industry turns the page from the #pandemic and the unprecedented downturn in the industry, the @JetBlueALPAPilots are looking to bluer skies This website uses cookies to improve your experience and for ads personalisation. The table below provides a reconciliation of our GAAP reported amounts to the non-GAAP amounts excluding the impact of these items. Special items for 2019 include costs related to our Embraer E190 fleet transition and the implementation of our pilots' collective bargaining agreement. Known internationally as US-ALPA, it is a member of the International Federation of Air Line Pilot Associations. Currently, many other pilot groups are achieving contracts and increasing their compensation. Special items for 2019 include costs related to our Embraer E190 fleet transition and the implementation of our ALPA collective bargaining agreement. Discover something new every day from News, Sports, Finance, Entertainment and more! 03 . You must click the activation link in order to complete your subscription. Both airlines retain full control of all aspects of their respective business, including pricing, routing, and capacity. ADVANCING AVIATION SAFETY AND SECURITY SINCE 1931, Laser Illumination Reporting & Mitigation. NEW YORK, December 02, 2022 -- ( BUSINESS WIRE )--Today, JetBlue Airways pilots, represented by the Air Line Pilots Association, Int'l (ALPA), were approved for a $5 million grant from ALPA's. . News Room. 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. The JetBlue pilot contract became amendable on August 1; the two sides began negotiations on March 1, six months in advance of that date. Our committees are reaching out and getting pilots accurate information quicklyand reminding everyone of the importance of fact over rumor. Behind Wade Taylor IV's career-high 28 points, the Aggies earned their record 15th win in SEC play after defeating Alabama 67-61 on Saturday. The deal, effective Feb. 1, is further evidence of the bargaining power pilots are enjoying as carriers staff up to meet booming travel demand. A live broadcast of the conference call will also be available via the internet at http://investor.jetblue.com. JetBlue carries customers to more than 100 cities throughout the United States, Latin America, Caribbean, Canada, and United Kingdom. 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. Operating expense per available seat mile, excluding fuel and related taxes, other non-airline operating expenses, and special items (CASM ex-Fuel). Visit ALPA.org or follow us on Twitter @ALPAPilots. 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.. Do You Have to Pay Your Tax Bill the Day You File Your Return? document.write(new Date().getFullYear()) Air Line Pilots Association, International. Air Canada pilots are pressing for higher pay in the run-up to fresh contract talks, following recent gains secured by pilots at U.S. carrier Delta Air Lines, union representatives told Reuters. Founded in 1931, ALPA is the largest airline pilot union in the world and represents more than 62,000 pilots at 38 U.S. and Canadian airlines. Death toll in strike on Ukraine's Zaporizhzhia rises to 11 - officials, Reporting by Rajesh Kumar Singh; Editing by David Gregorio, Rheinmetall in talks on building tank factory in Ukraine - report, Air Canada pilots decry 'embarrassing' pay gap with U.S. after Delta deal, Exclusive: IndiGo pits Boeing against Airbus in record jet order talks, American Airlines, flight attendants union seek mediation in contract negotiations, U.S. CDC issues advisory after confirmed measles case in Kentucky, France's nuclear output hit by strike at EDF, As space junk threat grows, government and investors seek solutions, Nissan and Mexican workers agree to 9% raise at Morelos plant, union says, Exclusive news, data and analytics for financial market professionals, Germany also wants Switzerland's Leopard 1 tanks - Swiss newspaper. Known internationally as US-ALPA, it is a member of the International Federation of Air Line Pilot Associations. We are honoring our side of that agreement. With nearly 90 percent of eligible pilots casting ballots, 60 percent voted to ratify the agreement. document.write(new Date().getFullYear()) Air Line Pilots Association, International. Welcome to flightglobal.com. Maintained an adjusted debt to capital ratio of 52%. JetBlue pilots shouldnt be in a holding pattern as the merger goes through regulatory scrutiny. We have a long road ahead of us with a variety of potential stumbling blocks. The Atlanta-based carrier employs roughly 15,000 pilots, according to the ALPA. You can learn more about the cookies we use here. 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. Also announced a new agreement with Fidelis New Energy to supply 92 million gallons of sustainable aviation fuel (SAF) over a five-year term with a target start date of 2025, bringing meaningful progress toward our goal to convert 10% of our jet fuel to SAF by 2030. 06-20-2011 11:00 PM. The conclusion of the regulatory review of the merger likely wont come until 2024. . However, new pilots arent the only way that JetBlue is growing. The JetBlue pilots union is seeking an extension of the pilot groups current contract to address economic ground lost in a changing airline landscape. A preliminary agreement on the same had been reached in December between Delta and the pilots' union. It will cover 15,000 Delta pilots and come into effect on Thursday, The Air Line Pilots Association (ALPA) said. The market had already changed, and we feel our pilots should be brought up to market., At JetBlue, an Airbus A320 captain with 12 years seniority earns $283 hourly. 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. ALPA said that 78% of Delta pilots voted in favor of the contract. 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 . Wayne Scales is behind Kenney, to his left. ir@jetblue.com, JetBlue Corporate Communications On March 1, pilots at Delta Air Lines ratified a new Pilot Working Agreement with the carrier, which runs through December 2026. 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. 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. Tel: +1 718 709 3089 @ALPAPilots. This industry-leading contract is the direct result of the Delta pilots unity and resolve, said MEC chair Capt. The pilots current four-year contract became amendable on August 1, 2022. Delta and the Air Line Pilots Association (ALPA), a union, have agreed to increase pilots' pay by 34% over four years. Fellow JetBlue ALPA pilots, At 10:00 a.m. this morning, voting closed on the ratification of the Tentative Agreement (TA). (1) Refer to Note A at the end of our Earnings Release for more information on this non-GAAP financial measure. This grant creates a war chest that can be used for events, informational picketing, advertising, and other prominent media activities to highlight the need for a new pilot contract. However, neither side is disclosing any details about the proposed terms of the deal, as it. Chris Kenney is front row [+] center. 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. Contract Now.. After facing one of the most turbulent chapters in aviation history, JetBlue Airways returned to profitability in the third quarter of 2022, posting its highest revenue ever. The pilots are driving for negotiations to conclude before the end of 2022, with the last negotiating session scheduled for December 1314. ALPA said the agreement has put JetBlue pilots in a "strong position" for future negotiations. On Friday, both JetBlue and ALPA confirmed that the two sides had reached an agreement in principle. Hawaiian pilots have been operating under our current Pilots' Working Agreement since 2017. NEW YORK, December 02, 2022 -- ( BUSINESS WIRE )--Today, JetBlue Airways pilots, represented by the Air Line Pilots Association, Int'l (ALPA), were approved for a $5 million grant from ALPA's. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. If the merger with Spirit receives regulatory approval, JetBlue would become the fifth-largest passenger airline in the U.S. For the pilots, ALPA policy will guide them through the process of negotiating a joint collective bargaining agreement and integrating seniority lists. This shortage is projected to last until 2027. Guide to Business Aviation Training and Safety 2022. The new contract provides a 34 per cent cumulative pay increase, a lump-sum one-time payment, reduced health insurance premiums and improvements in holiday pay, vacation, company contributions to 401(k) and work rules. 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. CHICAGO, Jan 30 (Reuters) - Pilots at JetBlue Airways Corp (JBLU.O) have overwhelmingly approved a two-year contract extension, their union said on Monday. Alabama's stat leaders from its disappointing road loss to Texas A&M to close out the regular season. For the full year, revenue and adjusted profits both grew 18% to $2 billion and $641 million, respectively. What will it take to Decarbonise Aviation? The airline has also expanded its footprint to include London, England, with plans to fly to Paris, France, this year. $1.6 billion in unrestricted cash, cash equivalents, short-term investments, and long-term marketable securities at quarter-end (excluding our $600 million undrawn revolving credit facility). We believe that CASM ex-fuel is useful for investors because it provides investors the ability to measure financial performance excluding items beyond our control, such as fuel costs, which are subject to many economic and political factors, or not related to the generation of an available seat mile, such as operating expense related to certain non-airline businesses.
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