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JetBlue's (JBLU) Cabin Crew Members Turn Down Tentative Deal
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JetBlue Airways (JBLU - Free Report) suffered a setback on the labor front when its in-flight crew members voted down a provisional deal between the company and the Transport Workers Union (TWU). Notably, TWU represents the in-flight crew members of this Long Island City, NY-based carrier.
Significantly, the provisional deal was inked between the involved parties in October 2020. However, the crew members’ decision to reject the contract came as a major blow to the company, which like its fellow airline companies Spirit Airlines (SAVE - Free Report) , Alaska Air Group (ALK - Free Report) and SkyWest (SKYW - Free Report) is already struggling due to coronavirus-induced low passenger revenues.
JetBlue’s head of Customer Experience, Ian Deason, expressed his disappointment at the outcome of this voting procedure, saying: “We are disappointed in the results of the vote. Both the TWU and JetBlue worked through unprecedented circumstances to reach an agreement that was fair to our inflight crewmembers. We will work with TWU to determine next steps.”
Reportedly, the negotiations on the proposed pact had started in June 2018. With the tentative deal being struck down, all previously agreed upon terms and conditions will have to be negotiated afresh as the union and airlines resume discussions to draft a new plan.
Notably, JetBlue’s flight attendants had voted in favor of TWU as their representative only in April 2018. Prior to that, the company had a direct relationship with its flight attendants.
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JetBlue's (JBLU) Cabin Crew Members Turn Down Tentative Deal
JetBlue Airways (JBLU - Free Report) suffered a setback on the labor front when its in-flight crew members voted down a provisional deal between the company and the Transport Workers Union (TWU). Notably, TWU represents the in-flight crew members of this Long Island City, NY-based carrier.
Significantly, the provisional deal was inked between the involved parties in October 2020. However, the crew members’ decision to reject the contract came as a major blow to the company, which like its fellow airline companies Spirit Airlines (SAVE - Free Report) , Alaska Air Group (ALK - Free Report) and SkyWest (SKYW - Free Report) is already struggling due to coronavirus-induced low passenger revenues.
JetBlue’s head of Customer Experience, Ian Deason, expressed his disappointment at the outcome of this voting procedure, saying: “We are disappointed in the results of the vote. Both the TWU and JetBlue worked through unprecedented circumstances to reach an agreement that was fair to our inflight crewmembers. We will work with TWU to determine next steps.”
Reportedly, the negotiations on the proposed pact had started in June 2018. With the tentative deal being struck down, all previously agreed upon terms and conditions will have to be negotiated afresh as the union and airlines resume discussions to draft a new plan.
Notably, JetBlue’s flight attendants had voted in favor of TWU as their representative only in April 2018. Prior to that, the company had a direct relationship with its flight attendants.
Zacks Rank
JetBlue currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>