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
“Voisterous” Female Leadership Program Looks Ahead
LEADS Program Particpants pose for a Holiday photo with District 141 President, Mike Klemm (seated, on right) and Secretary-Treasurer, Alex Gerulis. "Voisterous" Female Leadership Program Looks AheadMachinists District 14115 November 2022In September, Marilyn Loden,...
Association Update: Holiday Arbitration
Recording Secretaries - Please print and post on all IAMAW Bulletin Boards. GET PRINTABLE COPY >>Related NewsAssociation Update: Holiday Arbitration November 7, 2022 TO: TWU/IAM Association Members RE: Holiday Arbitration At the end of last week, we were...
JetBlue Hits More Turbulence
JetBlue is a company that has been mismanaged for years. Now, that poor management has invited numerous court actions and unwanted ire from the Justice Department. JetBlue Merger Hits More TurbulanceOrganizing7 November 2022JetBlue is facing mounting scrutiny over its...