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The pilot group also created a public website, placed radio ads, and had new lanyards sent to each pilot. In 2022, special items include costs related to the following: Embraer E190 fleet transition, our acquisition of Spirit Airlines, the ALPA ratification bonus, and the implementation of our TWU contract. Visit ALPA.org or follow us on Twitter @ALPAPilots. All rights reserved. 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. In a letter distributed to pilots on Dec. 3, the carriers negotiating team said it is pleased with progress made last week. 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. The Air Line Pilots Association said 78% of Delta pilots who voted supported the contract. Delta is the first U.S. carrier to have a breakthrough with its union. 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. We believe we should have had an agreement last week,: he said. 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. 6. JetBlue Airways Corporation (NASDAQ: JBLU) today reported its financial results for the fourth quarter of 2022. We respect the collective bargaining process and look forward to continuing negotiations to finalize an extension of the JetBlue pilot contract that will provide our pilots with industry competitive pay rates, the carrier said in a prepared statement. See here for a complete list of exchanges and delays. 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. Opinions expressed by Forbes Contributors are their own. Continued to lead the industry in sustainability. What will it take to Decarbonise Aviation? 96% of eligible DL pilots voted on the four-year contract, which provides an . However, neither side is disclosing any details about the proposed terms of the deal, as it. We are putting management on notice that these negotiationsand our careerswont be put on hold while JetBlue navigates a merger," commented Capt. 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. Read more about the contract, here. The air logistics specialist on Thursday reported earnings showing 11% growth in revenue to $530 million and adjusted earnings before accounting measures of $163 million, up 5% year over year. In October, JetBlue and Spirit agreed to merge. It is routine for our internal projections and expectations to change as the year or each quarter in the year progresses, and therefore it should be clearly understood that the internal projections, beliefs, and assumptions upon which we base our expectations may change prior to the end of each quarter or year. ALPA represents more than 67,000 pilots that work for 40 airlines in Canada and the USA. Ninety-six percent of eligible pilots participated in the ballot. The industry leader for online information for tax, accounting and finance professionals. 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. Our Pilot Groups > The Atlanta-based carrier's pilot union, Air Line Pilots Association, International (ALPA . We are putting management on notice that these negotiationsand our careerswont be put on hold while JetBlue navigates a merger, commented Capt. CHICAGO, Jan 30 (Reuters) - Pilots at JetBlue Airways Corp (JBLU.O) have overwhelmingly approved a two-year contract extension, their union said on Monday. ALPA is the largest airline pilot union in the world and represents more than 66,000 pilots at 40 U.S. and Canadian . The pilots' current four-year contract became amendable on August 1, 2022. . ATSG attributed increased revenue to full . Despite a two-year delay in negotiations due to COVID, we never lost sight of our goal to obtain significant across-the-board enhancements to our pilot working agreement. In addition to several highly successful informational picketing events in the spring and summer of 2022, 99 percent of voting pilots approved to authorize a strike, if needed, in October 2022. 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! JetBlue said Tuesday it is committed to pay raises for pilots. Pilots at JetBlue have approved a two-year contract extension that will trigger some cost inflation for the airline in 2023. 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. Visit ALPA.org or follow us on Twitter @ALPAPilots. ALPA said the agreement has put JetBlue pilots in a "strong position" for future negotiations. ir@jetblue.com, JetBlue Corporate Communications We will now focus our efforts on ensuring all provisions are implemented and enforced, said Capt. Together, we expect these efforts to deliver margins approaching pre-pandemic levels as we move through the year, as we continue on a path to drive sustainable long-term earnings expansion and create long-term value for all stakeholders.". Analysts at Jefferies estimated that the United States is short of 10,000 pilots. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. FlightGlobal is the global aviation communitys primary source of news, data, insight, knowledge and expertise. 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. 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. Non-GAAP financial measure; Note A provides a reconciliation of non-GAAP financial measures used in this release and explains the reasons management believes that presentation of these non-GAAP financial measures provide useful information to investors regarding JetBlue's financial condition and results of operations. Chris Kenney, the pilots MEC chair. In July, JetBlue agreed to buy Spirit Airlines (SAVE.N) in a $3.8 billion deal, which is expected to close no later than the first half of 2024. We provide news, data, analytics and advisory services to connect the aviation community globally and help organisations shape their business strategies, identify new opportunities and make better decisions faster. JetBlue Announces Fourth Quarter 2022 Results. Chris Kenney, chair of the JetBlue unit of ALPA. 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 The Air Line Pilots Association, International (ALPA) is the largest airline pilot union in the world and represents more than 67,000 pilots at 39 U.S. and Canadian airlines. 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. WASHINGTON, February 01, 2022 -- ( BUSINESS WIRE )--Today, the JetBlue Master Executive Council (MEC) of the Air Line Pilots Association, Int'l (ALPA) announced to JetBlue Airways management. We also find it debatable whether its even possible for JetBlue to complete its merger without having a fairly compensated pilot group onboard.. American Airlines and its flight attendants union on Friday jointly applied for federal mediation in contract negotiations. LufthansaGroup chief executive Carsten Spohr sees the Rome Fiumicino hub of acquisition target ITA Airways as better positioning it to serve southern hemisphere markets as talks on a deal continue. JetBlue deal includes a market rate adjustment provision to ensure the pay rates for its pilots align with future contracts at big national carriers. The pilot group has also been growing at a rapid pace. The MEC responded by seizing the opportunity presented by the merger to achieve immediate gains for the pilots through a short-term contract extension. 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. News Room. Earnings Call Details VIEW NOW Safety View your Safety Committee and its related documents and info. ADVANCING AVIATION SAFETY AND SECURITY SINCE 1931, Laser Illumination Reporting & Mitigation. An extension would spare management the need for full contract negotiations and allow them to focus on the merger. At JetBlue, an Airbus A320 captain with 12 years seniority earns $283 hourly. The pilots are driving for negotiations to conclude before the end of 2022, with the last negotiating session scheduled for December 1314. Our committees are reaching out and getting pilots accurate information quicklyand reminding everyone of the importance of fact over rumor. 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. After the Spirit deal, the New York-based carrier and its pilots entered into negotiations for a short-term contract extension.