This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

JetBlue Pilots Vote to Join ALPA Union

NEW YORK (TheStreet) -- JetBlue Airways pilots vote to join the Air Line Pilots Association, which represents pilots in negotiations over pay, benefits and work rules.

VIDEO TRANSCRIPT:

JetBlue Airways pilots have voted to join the Air Line Pilots Association.

This marks the third time JetBlue (JBLU) pilots voted on the matter, after rejecting joining the union in 2009 and in 2011.  It also marks the end of JetBlue's status as the biggest U.S. airline without a union.

About 74% of the airline's eligible pilots voted to join the ALPA, which represents pilots in negotiations over pay, benefits and work rules.  ALPA President Lee Moak said it's a move that will protect their future.

"Their vote says clearly that they want a real seat at the table to discuss the future.  They want to collect a bargaining agreement instead of signing individual agreements with management, and they want the professional resources and the support of ALPA's 50,000 other pilots to help them achieve their goals," Moak said.

WATCH: More videos from Brittany Umar on TheStreet TV

Shares fell on news of the unionization on worries it would mean higher costs for the budget carrier's customers.  Already, JetBlue warned this year that costs are expected to rise due to an agreement to raise pilots' base pay rates by 20% and its plans to hire more pilots.

At last check, shares of JetBlue reversed and were climbing more than 1% to $8.69.

In New York, I'm Brittany Umar for TheStreet.

Written by Brittany Umar in New York.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs