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JetBlue pilots vote to join union; shares fall
Reuters ^ | Tue Apr 22, 2014 5:51pm EDT | Alwyn Scott and Karen Jacobs

Posted on 04/23/2014 8:24:09 PM PDT by Olog-hai

JetBlue Airways Corp pilots voted by a wide margin on Tuesday to join the Air Line Pilots Association union, sending the budget carrier’s stock price down on concerns the move would raise the airline’s costs.

About 71 percent of the pilots eligible to vote in the month-long election backed ALPA. JetBlue has about 2,600 pilots and 96 percent were eligible to vote. […]

JetBlue warned earlier this year costs would rise largely because of an agreement reached with pilots to raise base pay rates by 20 percent. JetBlue said that increase was expected to add $145 million to its costs over the next few years—$30 million this year, $50 million in 2015 and $65 million in 2016. …

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Chit/Chat; Miscellaneous; Travel
KEYWORDS: increasedcosts; jetblue; stocksfall; union

1 posted on 04/23/2014 8:24:09 PM PDT by Olog-hai
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To: Olog-hai

That’s the end of Jet Blue.


2 posted on 04/23/2014 8:43:41 PM PDT by Rodamala
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To: Olog-hai

JetBlue just lost all engines, entering death spiral....


3 posted on 04/23/2014 8:43:42 PM PDT by minnesota_bound
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To: Olog-hai

fools.


4 posted on 04/23/2014 9:10:22 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: minnesota_bound

“For Flight 143, things happened in horrifyingly rapid sequence. For the two pilots, the first sign of trouble came when a warning horn sounded indicating a lack of fuel pressure....Moments later, however, the left engine died, which didn’t make sense given the fuel pressure warning and action taken...”

“However, just then, another warning horn sounded, one that they had never heard before, even in simulators — it was a sort of a “bong” noise, as they would later describe it. There was a “what was that?” moment before the right engine abruptly quit. Suddenly, they were flying an airliner with both engines out — and at that, the instrument panel died, as did all electrical indicators and lighting. The EFIS (Electronic Flight Instrument System) and all other electrical devices on the plane draw power from one or both of the engines.”

“The two pilots quickly checked the Boeing 767 books for a two engine out checklist, only to find that there was no such thing — they would have to make it up as they went along... He immediately treated the B767 as if it were a giant glider and made an educated guess of his best glide speed — 220 KIAS (something that was also not published). Then, he realized that there were no instruments giving him his vertical speed (aka “sink rate”). How far would the jet glide?”
http://fly.historicwings.com/2012/07/the-gimli-glider/


5 posted on 04/23/2014 9:44:38 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: Rodamala

Democracy. This is terrible that 71% were allowed to form a union. It is time to end Democracy and go to communism where unions are illegal.


6 posted on 04/23/2014 10:07:50 PM PDT by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
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To: Jack Hydrazine

The article at the link makes a good case


7 posted on 04/23/2014 10:17:39 PM PDT by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
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To: Rodamala

never flew JetBlue before and now, never will. BTW, it was part of DU’s list of companies to do business with because of the word “blue” in it..


8 posted on 04/23/2014 11:23:36 PM PDT by max americana (fired liberals in our company last election, and I laughed while they cried (true story))
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