JetBlue Pilots to Vote on 2-Year Contract Extension, Union Says

JetBlue Airways Corp. pilots would receive 21.5% in cumulative average pay raises over the course of the agreement, plus supplemental one-time payments, the Air Line Pilots Association said in an emailed statement.

• Agreement is valued at $675 million, ALPA says
• One-time payments set at $17,000 for captains, $11,000 for first officers to be paid within 30 days of contract signing
• Includes provision for a “snap up” in pay rates based on raises approved in new contracts at other large carriers
• Three pay increases occur over 18 months
• Voting will begin on Jan. 16, close two weeks later, ALPA says
• If ...