JetBlue’s Senior Leadership Team has recently announced a plan to issue $1,000 to its entire 21,000 crewmembers, not including CEO and executive vice presidents, following recent approval of the tax reform bill.
President Donald Trump signed a legislation that refurbishes the U.S. tax code back in December 2017. As one of the major changes, the bill was intended to cut the corporate tax rate from 35 percent to 21 percent.
"these tax changes will be positive for our company, and provide us the opportunity to do good things for our Crewmembers, Customers and shareholders." JetBlue stated in a recently released letter.
“When tax reform looked like a real possibility late last year, we formed a team to think through what it could mean for each of these important groups. Many ideas are on the table but we believe our Crewmembers should be the first to benefit. With that in mind, we are excited to announce we will be paying every Crewmember employed as of December 31, 2017, a $1,000 bonus by the end of February!”
JetBlue flight crew in the cockpit at John F Kennedy International Airport in New York.
“Ultimately, we will continue to succeed because we have the best Crewmembers in the business. All 21,217 of us are continuing to do something that is truly unique in our industry by genuinely caring for each other, our Customers and our shareholders.”
As for the other airlines companies, a similar announcement subsequent to the recent passage of the bill was also revealed. Last Tuesday, American and Southwest will also reward their employees with bonuses amounting to at least $1,000 each.
The recent trade of JetBlue Airways hasn’t been able to maintain a clear trend, as it can be seen in its chart performance above. The airline company had a weak bullish candle in its recent trades which is a 0.46% increase from yesterday’s trades. This is generally a 0.10 surge as well.
The Relative Strength Index of the Company also mirrored the performance above. However, it is still considerably a weak performance as well. It still traded around 50’s region with a possibility of declining as well. Specifically, it is at 51.14.
Lastly, the Coppock Curve failed to mirror the performances above. The indication declined to 4.33, continuing the apparent decline of the stock. There are currently no signs of uptrend for the stock. With indicated decline, the stock may possibly go bearish soon. A hold on sell would now be advised for the stock.
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