Up, Up and Away; JetBlue Management
Again Ups its Bid for Spirit: Now $3.7 BILLION
Justice at JetBlue
22 June 2022
Washington, June 16, 2022 – The International Association of Machinists and Aerospace Workers (IAM) applauds the U.S. House Transportation and Infrastructure Committee for approving the Global Aircraft Maintenance Safety Improvement Act (H.R. 7321).
JetBlue management yesterday once again upped its bid to $3.7 BILLION to merge with Spirit Airlines. This is approximately 68% more than the Frontier offer.
You read that right, yes, 68% more.
JetBlue management is totally obsessed with merging with Spirit, and it appears no price is too high.
Management previously cut the summer flight schedule by about 10 percent due to staffing concerns. JetBlue could be investing much more in its people to retain workers that we need and attract new workers, which we also need. But, it seems management is more concerned with merging with Spirit, even as many economists predict a slowing economy
due to rising interest rates to battle inflation.
The tough questions are:
(1) Could this money be utilized more wisely?
(2) Is the total obsession with merging with Spirit good for us?
Management has claimed it will divest routes in the Northeast and gates in FLL. Without a union contract to protect our interests in a merger, we are certainly at risk and that needs to be fixed as soon as possible.
The International Association of Machinists and Aerospace Workers (IAM) is one of the largest and most diverse industrial trade unions in North America, representing approximately 600,000 active and retired members in the aerospace, defense, airlines, railroad, transit, healthcare, automotive, and other industries.
Related News
Letters: Vaccinations Are Happening
[supsystic-social-sharing id='4']Letters: One Shot From a More Normal Life I was able to get vaccinated on Sunday at the Clinic in Chicago. I got the single-dose Johnson & Johnson vaccine, but I would have been happy to get any of the approved vaccines that are...
Women’s History Month: The Rise of IAM Women during the Mid-1900s
[supsystic-social-sharing id='3']Facing routine discrimination, women workers in the U.S. proved detractors wrong in the 1940s as they competently filled vacant jobs that were left open as millions of men left to fight in WWII. Female labor participation during this...
141 Report: Charlie Defrancesco, The Powerhouse of Local 1044
The 141 Report featured guest this week is Charlie Defrancesco, President of Air Transport Local 1044 based in Pittsburgh, PA. The 141 Report featured guest this week is Charlie Defrancesco, President of Air Transport Local 1044 based in Pittsburgh, PA. A 41-year...