Report: JetBlue and Pilots Union Agree on No Furloughs
JetBlue Airways (NASDAQ: JBLU), along with several other domestic airlines, made a commitment to maintain full employment through Sept. 30, 2020, by accepting federal aid under the Payroll Support Program portion of the CARES Act. Now the company has reached an agreement with its pilots to extend that commitment through April 2021, according to a report by CNBC.
A union memo sent to pilots said the agreement, "protects all JetBlue pilots from involuntary furlough -- under any circumstances -- until May 1, 2021," the report says. As of the end of 2019, the airline said it had 3,600 pilots out of its 21,000 employees.
Source Fool.com
