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
Study: Right to Work Laws Create Lower Wages
A Georgia Tech study has found that so-called “right-to-work” laws lead to a decrease in worker wages, confirming what labor unions have known for decades. A study published in the Journal of Financial Economics examined more than 19,000 collective bargaining...
New NAFTA Won’t Prevent Outsourcing of Jobs
Robert Martinez Jr., International President of the International Association of Machinists and Aerospace Workers (IAM), issued the following statement regarding the United States-Mexico-Canada Agreement (USMCA) going into effect today: “USMCA won’t stop the hundreds...
This 4th, We Can Help Create a More Perfect Union
This weekend Americans proudly celebrate our independence and ability to self-govern. We must also acknowledge that not every American is able to enjoy our freedoms equally. Our country has come a long way since 1776, but there is clearly much work to be done before...