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JetBlue raises flight attendant pay, union agrees to support merger with Spirit - TL;DR CNBC

JetBlue raises flight attendant pay, union agrees to support merger with Spirit

Publishing timestamp: 2023-09-30 10:12:21


Summary

JetBlue Airways has announced that it will raise flight attendant pay by 5% next year and provide other bonuses to staff. In return, the union representing cabin crews has agreed to support JetBlue's plan to acquire budget carrier Spirit Airlines. The raises for flight attendants will compound to a 21.5% increase by 2026. The agreement comes as JetBlue is facing a lawsuit from the Justice Department to block the merger with Spirit. JetBlue has also agreed not to furlough or displace any flight attendants or close any associated bases for seven years after the potential acquisition. The union has stated that it will support the acquisition and not hold additional protests or speak publicly against it. JetBlue has also agreed to additional pay and incentives for staff on trans-Atlantic routes and in its Mint business-class cabin.


Sentiment: POSITIVE

Tickers: JBLUSAVE

Keywords: businessairlinesbreaking news: businessbusiness newstravelspirit airlines inclifebreaking news: marketstransportationaerospace and defense industrymarketsjetblue airways corp

Source: https://www.cnbc.com/2023/09/29/jetblue-raises-flight-attendant-pay-union-backs-spirit-merger.html


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