By Cirium2021-02-17T08:44:00+00:00
JetBlue Airways pilots represented by the Air Line Pilots Association, International (ALPA) union voted to reject a tentative agreement to give the carrier contractual relief for its codeshare with American Airlines, seeking more job security as the airline partnership nears completion.
During the vote representing 92% of eligible union voters, 54% opposed providing relief for the new codeshare against scope clause limits detailed in the union’s 2018 collective bargaining agreement with JetBlue. The 2018 agreement stipulates these limits in the event of a joint venture or codeshare.
Source: Leonard Zhukovsky/Shutterstock.com
JetBlue aircraft at New York JFK airport in January 2021
American Airlines could temporarily lay off some 2,760 people in Dallas-Fort Worth if more government aid doesn’t come through for the ailing travel industry.
The taxable refunding will lower debt service obligations for the airport car rental facility, hit hard by the coronavirus pandemic, through fiscal 2025.
American Airlines issuing $1.1 billion in stock after surge from renegade investors
The stock has been targeted by the same internet group that drove GameStop’s stock on an unprecedented surge.
The main entrance to the Robert W. Baker Integrated Operations Center at the new American Airlines campus and headquarters in Fort Worth.(Lynda M. Gonzalez / Staff Photographer)
American Airlines will issue $1.1 billion in new shares after its stock price got a boost from retail investors waging financial war on short sellers.
Fort Worth-based American said Friday that the new stock will be issued through Goldman Sachs, Citigroup, Barclays and BNP. The company’s stock, which trades under the AAL ticker, rose nearly 11% this week after investors on Reddit’s WallStreetBets forum noticed that short sellers had targeted the company.