JetBlue new top of scale pay rate ??

[Smarta$$]

We were accumulating cash. However we have been shedding cash for at least several quarters now.

 

[coogebeachhotel]

And invested in liquid short term securities.
Balance sheets don't lie. Unless its Worldcom or Enron...

 

[jonjuan]

Neeleman has no interest in JetBlue.
http://www.businessweek.com/article...st-in-buying-his-old-airline?campaign_id=yhoo

 

[AKAAB]

I think JetBlue can finesse this problem by keeping the current year one rate the same but raising the rates for all other longevities to match the award. Since there are no year one claimants, there would be no year one B-scale. Everyone else on the property would be brought to the same rate going forward. Yes, it would suck being the only pilots not to get a mid-year raise, but they would have unexpectedly higher pay to look forward to from year two on, which shouldn't be that hard a sell. And if year one pay wasn't a deal-breaker for would-be new hires before, the lack of change (but with higher year 2+ pay) wouldn't make the company less attractive, would it? There are no perfect solutions, but this one isn't bad. It would require JetBlue to begin leading on the issue and be proactive, though, and they've shown no sign of doing so. It's become obvious that though they could fix it, they won't until after they're made to.

Could be, but the consequence is going to be in future recruiting with a B-scale year one. Would a signing bonus bypass the 3A clause for newhires?

 

[coogebeachhotel]

http://www.reuters.com/article/2013/06/28/jetblue-neeleman-idUSL2N0F40OM20130628

It is inside information at BNDES according to the news. Someone internally made a huge mistake spilling the beans. It was legit enough news for big investors to get in and buy lots of JetBlue stock yesterday. Markets are the canary in the coal mine.

This is SOP in mergers. Deny, deny, deny. I saw this stuff at the front lines of investment banking for two years.

Google every airline merger in the last five years. All of them started with flat denials of interest.

If the price offered is high enough to entice shareholders then it is a done deal. If DN/BNDES offers $10 a share how can the BOD stop it? They can't.

Could it be a bit of psychological warfare and gamesmanship by Neelman? A rouse? Who knows but him.

As I said. We shall see. I do not have a crystal ball. Things change.

 

[fam62c]

If there is a bid I wonder if SW will enter the fray with an offer.

 

[Smarta$$]

I thought it was well known that SW already had made an offer on us?

 

[coogebeachhotel]

I am sure this release got potential rival investment groups stirred up.

 

[scoreboardII]

I thought it was well known that SW already had made an offer on us?

Nope, do tell all please.

 

[Fins Up]

Don't believe much you read here. There is a new rumor every other week about who is or has made an offer. Also, there will be no B-scale. Don't take my word for it though. It will all come out in due time.

 

[Ski-N-Fly]

In the wonderful world run by the Direct Relationship, the company can do whatever they wish. They can even violate their own written agreements. They can create a B scale. They can give us the worst health care in the industry. They can give us laughable retirement benefits. They can give "special" pilots a better QOL than the rest of the flock. The only recourse a pilot has is to hire his/her own attorney and fight back. Of course one would be spending their own time and money while doing so.

If only there was a system of checks and balances in place where the employees could hold the company accountable for their actions. Hmmmm......perhaps there is a reason why more than 95% of airline pilots in this country are unionized.

Pilots of JetBlue, WAKE UP! Our last opportunity for representation is on the horizon. The DR is dead.

"In business, you don't get what you deserve, you get what you negotiate."

 

[scoreboardII]

I can see where if one were on the side that had the perks, the 51% option, it would be hard to get enough votes to change that to share the wealth. That's an internal pilot problem, not an airline problem. Hope that changes for you guys.

 

[coogebeachhotel]

Don't believe much you read here. There is a new rumor every other week about who is or has made an offer. Also, there will be no B-scale. Don't take my word for it though. It will all come out in due time.

So Reuters is misleading? What would make you believe? The day you put a new uniform color on?

Forget about union this and union that. That is merely a distraction from the M&A storm surrounding JetBlue.

Pilot mentality is that it always happens to someone else never to me. For some reason the group at JetBlue thinks that gravity does not apply. Some sort of special power. Denial is a strong emotion.

A merger will happen. When is the question.