The airline's compensation committee said in the SEC filing that it took the action following a failed merger with Spirit Airlines in early 2024, "recognizing that post-merger goal resets were no longer feasible following the [Department of Justice's] decision to block the merger." "The decision reflected JetBlue's operating and financial environment and served as a proactive response to stockholder feedback given our low Say-on-Pay vote," JetBlue's SEC filing states. Teri McClure, the chair of JetBlue's compensation committee, wrote in the filing that the changes to its executive pay "reflect our commitment to aligning executive compensation with both performance and stockholder expectations." As a result of the May stockholder vote, JetBlue said it committed the remainder of 2024 to listening to stockholders' concerns and gathering their feedback.