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
Celebrating Women’s Right To Vote
Celebrating 100 Years of Women's Suffrage100 Years ago, women first won the right to vote. While we've come a long way in our ongoing work to create a more perfect union, our work is far from finished. Good news is, we're nowhere near finished, either. When the...
Rep. Schneider Affirms Support for PSP Extension
Lawmakers like Congressman Brad Schneider need to know that we appreciate their help. If you are represented by Congressman Schneider, please take a few minutes to tell him how his leadership helps you and your family. Rep. Schneider Affirms Support for PSP...
Without PSP, AA Cuts 40,000
American Airlines announced plans to eliminate the jobs of “at least” 40,000 employees if lawmakers do not quickly renew funding for payroll support programs.The furloughs would begin within hours of the expiration of the Payroll Support Program (PSP), the section of...