Category: Union News (Page 1 of 3)

Delta announces webcast date for December quarter & fiscal year 2023 results

December 29, 2023 / WIL BALDWIN

Atlanta, Georgia, December 29, 2023 – Delta Air Lines Inc (NYSE: DAL) will hold a live conference call and webcast to discuss its December quarter and full year 2023 financial results at 10 a.m. EST, Friday, Jan. 12, 2024.

A live webcast of this event will be available at ir.delta.com. An online replay will be available at the same site shortly after the webcast is complete.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Finnair acquires six leased aircraft & repays part of pension loan

December 19, 2023 / WIL BALDWIN

Finnair Oyj (Helsinki: FIA1S) executed a rights issue of 570 million euros in November 2023. Thanks to the strengthened balance sheet and cash funds resulting from the rights issue, Finnair has now purchased six previously leased A321 aircraft from BOC Aviation. Finnair will spend in excess of 200 million euros on the transaction, and its positive impact on both profit before taxes and cash flow will be in excess of 20 million euros per year over the next few years.

Finnair has also repaid an additional tranche of 120 million euros of its 600-million-euro pension premium loan in December in addition to the previously planned 100-million-euro instalment. The December instalment, including interest, totals approximately 230 million euros, after which the remaining loan amount is 280 million euros, to be repaid during May 2025 at the latest. The impact of the additional loan repayment of 120 million euros on profit before taxes will be approximately 3 million euros in 2024 in the form of lower net interest costs.

In connection with the rights issue announcement in autumn 2023, Finnair supplemented its financial targets, which were based on the assumption that e.g. the company’s cash to sales ratio would remain at 30 per cent over time. As a result of the aircraft purchases and the loan repayment, Finnair’s cash to sales ratio is close to but still exceeds the target of 30 per cent.

These measures are a part of Finnair’s strategy implementation and support reaching financial targets by the end of 2025. In addition, these measures will contribute to reaching Finnair’s target of reinstating shareholder distributions, based on the 2024 result, starting from spring 2025.

Forward-Looking Statements

Virgin Australia is pleased to have reached in-principle cabin crew agreement

December 17, 2023 / WIL BALDWIN

Virgin Australia is pleased to have reached an in-principle agreement with the FAAA and TWU on the Cabin Crew Enterprise Agreement. This is great news for our teams and our customers.

Under the new Enterprise Agreement, cost of living pressures will be easier for crew to manage, and lifestyle challenges will be easier to navigate. The agreement will deliver 15%+ salary increases over three years, depending on the skill and tenure of the crew member.

And the overall cost of this agreement is in line with the agreements we have reached with other work groups. Today’s outcome is the result of constructive negotiations with both unions, and facilitated by the Fair Work Commission. It will ensure our people are appropriately rewarded for their work and that Virgin Australia is set up for long-term success.

Union Pacific announces fourth quarter 2023 earnings release date

December 15, 2023 / WIL BALDWIN

Omaha, Nebraska, December 15, 2023 – Union Pacific Corporation (NYSE: UNP) will release fourth quarter 2023 financial and operating results on Thursday, Jan. 25, 2024, at 7:45 a.m. ET. The company’s management team will host a conference call and live webcast at 8:45 a.m. ET.

Parties interested in participating via teleconference may dial 877-407-8293. International callers may dial 201-689-8349. A live webcast of the presentation and materials will be available in the investor relations section of Union Pacific’s website at www.up.com/investor. A replay of the audio webcast will be available shortly thereafter.

Forward-Looking Statements

Southwest Airlines Announces New Crew Base for Pilots and Flight Attendants at Nashville International Airport

August 15, 2023 / WIL BALDWIN

Dallas, Texas, August 14, 2023 – Southwest Airlines Co. (NYSE: LUV) today furthered its commitment to Music City by announcing the addition of a Crew Base at Nashville International Airport (BNA) in the second quarter of 2024. Nashville will become the 12th Crew Base in the Southwest® system with approximately 150-250 Pilots, growing to 500-600 Pilots, and an estimated 500-700 Flight Attendants based in the new Crew location beginning in 2024, with continued growth planned.

Southwest Airlines® began service to BNA on March 18, 1986, with eight daily nonstop departures to Chicago (Midway) and Houston (Hobby). Since then, it’s grown to operate more flights and serve more air Passengers as the largest carrier at BNA, offering up to 166 departures a day to 57 cities nonstop, and currently housing nearly 1,000 Southwest Employees. To support the carrier’s commitment to Nashville, the airline is striving to add four gates in the fourth quarter of 2023 to support its operation with a goal of 20 gates total by the end of the year to serve future Customers flying in and out of Nashville.

In 2016, the airline unveiled Tennessee One, a specialty aircraft emblazoned with an artist’s rendition of the Tennessee State flag, as a tribute to the state of Tennessee. Southwest additionally started service to Memphis International Airport on Nov. 3, 2013, and now offers up to 14 departures a day to 10 cities nonstop.

Cabin crew union says QANTAS misled us over FinnAir deal

August 7, 2023 / WIL BALDWIN

Australia’s biggest cabin crew union has accused Qantas (OTC: QUBSF) of a “breathtaking” lack of transparency over the deal that will see Finnair (OTC: FNNNF) crew operate the Flying Kangaroo’s flights.

The Flight Attendants Association of Australia has said the airline suggested the agreement would save the jobs of Finnair staff but was later informed the employees would be sourced from “labour-hire” firms.

Click the link below to read the full story!

https://australianaviation.com.au/2023/08/qantas-misled-us-over-finnair-deal-says-cabin-crew-union/

New Delhi-Trivandrum Air India flyers stranded in airport for 8 hours as pilot reports late

July 23, 2023 / WIL BALDWIN

THIRUVANANTHAPURAM, India – As many as 170 passengers who were about to board a New Delhi-Thiruvananthapuram Air India flight were stranded for at least eight hours in New Delhi airport late Saturday as the pilot arrived late. The flight, which was supposed to leave at 9.45 pm on Saturday, took off only at 6 am on Sunday.

Click the link below to read the full story!

https://www.newindianexpress.com/states/kerala/2023/jul/24/new-delhi-trivandrumair-india-flyers-stranded-in-airport-for-8-hours-as-pilot-reports-late-2597940.html

Union Pacific Corporation Announces 10% Dividend Increase for Fourth Quarter 2021

December 14, 2021 / WIL BALDWIN

Union Pacific Corporation (NYSE: UNP) announced that its Board of Directors today voted to increase the quarterly dividend on the Company’s common shares by 10% to $1.18 per share. The dividend is payable December 30, 2021, to shareholders of record December 20, 2021. Union Pacific has paid dividends on its common stock for 122 consecutive years.

“Union Pacific continues to deliver strong cash returns to our shareholders,” said Jennifer Hamann, Union Pacific executive vice president and chief financial officer. “Today’s action, coupled with the 10% increase earlier this year, is consistent with our targeted dividend payout ratio of 45 percent.”

About Union Pacific

Union Pacific delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.

JetBlue Announces New Tentative Agreement on Negotiations with TWU

November 8, 2021 / WIL BALDWIN

NEW YORK, N.Y. (BUSINESS WIRE) – JetBlue (NASDAQ: JBLU) today announced it has reached a new tentative agreement with the Transport Workers Union (TWU) for JetBlue’s inflight crew members.

“We’re pleased to share that the JetBlue and TWU negotiating committees have reached a new tentative agreement,” said Ed Baklor, head of customer care and programs, JetBlue. “Our inflight crewmembers have been on the frontline supporting and protecting JetBlue’s operation and our customers through the COVID-19 pandemic, and I am proud of the TWU and JetBlue teams for recognizing our environment and coming to the table with solutions. We look forward to bringing this contract to a vote with our inflight crewmembers.”

Southwest Airlines and The International Association Of Machinists And Aerospace Workers Reach Tentative Agreement

August 23, 2021 / WIL BALDWIN

DALLAS, TEXAS – Southwest Airlines Co. (NYSE: LUV) and the International Association of Machinists and Aerospace Workers (IAM) have reached a Tentative Agreement for Southwest’s more than 5,000 Customer Service Employees.

Composed of the Company’s Customer Service Agents, Customer Representatives, and Source of Support Representatives, these Employees deliver excellent Customer Service by helping our Customers get to their destinations, whether that is taking a phone call to change a Customer’s travel plans or assisting a Customer or fellow Employee on the ground at one of the airports we serve.

The IAM will communicate to its membership the details of the Tentative Agreement and the ratification process.

About Union Pacific

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