U.S. senators urge Delta, JetBlue to restore employee hours [Reuters]
JetBlue Airways Corporation (JBLU)
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Source: Reuters
U.S. senators urge Delta, JetBlue to restore employee hours (Reuters) - A group of U.S. senators is urging Delta Air Lines Inc ( DAL.N ) and JetBlue Airways Corp ( JBLU.O ) to immediately reverse their decisions to reduce employees’ hours, calling them contrary to the requirements of taxpayer-funded payroll assistance. Delta and JetBlue have already received a portion of $25 billion in CARES Act money meant to protect airline workers’ jobs and pay rates until Sept. 30 as the industry weathers a severe business slump during the coronavirus crisis. Delta is set to receive $5.4 billion and JetBlue $935 million. “You should not take one penny more of bailout funds unless you are prepared to protect your workers’ jobs, pay and benefits,” 13 senators including Elizabeth Warren and Kamala Harris, all Democrats, wrote to the airlines in two letters. They said cutting employee hours was potentially illegal. “Delta’s work hour reductions, which comply with the CARES Act, ultimately protect
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JBLU
News
- Tired of Clear travelers cutting the airport security line? A California lawmaker wants change [Los Angeles Times (CA)]Los Angeles Times
- Swiss Air flight takeoff from NYC to Zurich aborted after 4 jets cleared to cross runway: report [Yahoo! Finance]Yahoo! Finance
- JetBlue Airways Co. (NASDAQ: JBLU) had its price target lowered by analysts at TD Cowen from $7.00 to $6.00. They now have a "hold" rating on the stock.MarketBeat
- JetBlue sees no profit this year on excess industry capacity, grounded planes [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- JetBlue Airways (JBLU) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
JBLU
Earnings
- 4/23/24 - Beat
JBLU
Sec Filings
- 4/23/24 - Form 8-K
- 4/22/24 - Form SC
- 4/15/24 - Form 4
- JBLU's page on the SEC website