LOA19
10-05-2023 | 09:04 AM
#32
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
I said nothing about politics. And a recession has been around the corner for a few years now. This economy is on fumes. It takes time to squirrel away resources to thrive in a recession. If you’ve been paying attention, it’ll be ok. If you ran up debt and lived out of your means you won’t. And no, a recession isn’t always coming or around the corner.
Only the timing of a future recession is unknown. As for having a good grasp of knowing when or how severe the next recession will be, I'll take the assessment of Scott Kirby over Forward Lav every time
10-05-2023 | 09:09 AM
#33
Gets Weekends Off
Joined: Feb 2023
Posts: 175
Likes: 0
Yes, a recession is literally ALWAYS coming. It is a normal part of the business cycle. Point me to any up cycle in the past that wasn't followed by a down cycle in the economy.
Only the timing of a future recession is unknown. As for having a good grasp of knowing when or how severe the next recession will be, I'll take the assessment of Scott Kirby over Forward Lav every time
Only the timing of a future recession is unknown. As for having a good grasp of knowing when or how severe the next recession will be, I'll take the assessment of Scott Kirby over Forward Lav every time
10-05-2023 | 09:26 AM
#34
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
10-05-2023 | 10:48 AM
#36
Line Holder
Joined: Jan 2019
Posts: 537
Likes: 42
Nobody has mentioned the Market Rate Adjustment (SWA language), that’s another WIN on the part of the MEC! For folks unfamiliar with the LOA email, very similar to Alaska deal. Essentially means that on 1 Aug 2024, JetBlue snap up will trigger regardless of whether SWA has a contract in place or not.
10-05-2023 | 01:11 PM
#37
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
Keep in mind it doesn't appear we gave up much of anything to get these gains. Some pilots WANT VILs.
This was a good LOA.
10-05-2023 | 02:58 PM
#38
Gets Weekends Off
Joined: Nov 2017
Posts: 3,258
Likes: 216
For the fellow NK peeps. We got a new LOA lastnight. Details are:
1. VILs— Voluntary Incentive lines. (You're off for the month and it pays X hrs of credit for that month, more details on this to come. The last time we had VILs, it paid 50hrs for the month, covid times)
2. Retirement—Effective January 1, 2025, 401K direct contribution increase to 17% from 16%
3. MRA—Calculation on August 1, 2024, will include Southwest only if Southwest ratifies a new collective bargaining agreement by this date. This ensures the MRA on August 1, 2024, has the intended effect of keeping JetBlue pilots at market rate.
4. Profit Sharing formula change—Elimination of the automatic 5 percent reduction of the eligible compensation (i.e., “cliff”), effective on date of signing.
1. VILs— Voluntary Incentive lines. (You're off for the month and it pays X hrs of credit for that month, more details on this to come. The last time we had VILs, it paid 50hrs for the month, covid times)
2. Retirement—Effective January 1, 2025, 401K direct contribution increase to 17% from 16%
3. MRA—Calculation on August 1, 2024, will include Southwest only if Southwest ratifies a new collective bargaining agreement by this date. This ensures the MRA on August 1, 2024, has the intended effect of keeping JetBlue pilots at market rate.
4. Profit Sharing formula change—Elimination of the automatic 5 percent reduction of the eligible compensation (i.e., “cliff”), effective on date of signing.
10-05-2023 | 04:57 PM
#39
Gets Weekends Off
Joined: Jan 2008
Posts: 1,386
Likes: 0
From: 320 F.O.
10-05-2023 | 06:20 PM
#40
Line Holder
Joined: Sep 2016
Posts: 1,165
Likes: 38
I think you're both right. What if the merger isn't approved and there is no JCBA leverage, or JCBA? We go into full contract negotiations making no less than $356 Aug of next year.
Keep in mind it doesn't appear we gave up much of anything to get these gains. Some pilots WANT VILs.
This was a good LOA.
Keep in mind it doesn't appear we gave up much of anything to get these gains. Some pilots WANT VILs.
This was a good LOA.
Guys/gals who wants time off in a trough month, gets it. This lowers cost and helps with the company making a profit, which is then (finally) shared with the same pilot who got that QOL improvement. PS formula can definitely be improved, but it's in a good direction as of this LOA.
Disclaimer: Yes we all know it's going to be a struggle for profits for the next several years. I'm only showing that we did not really give up much of anything.
Thread
Thread Starter
Forum
Replies
Last Post
