JetBlue CEO: More Cuts Ahead As Airline Faces Prolonged Losses

JetBlue Airways Corp. is implementing new cost-cutting measures amid soft travel demand, according to Benzinga. CEO Joanna Geraghty told employees the company likely won’t reach break-even margins this year. Geraghty said bookings may improve, but even a rebound won’t offset the losses already incurred. The airliner is relying on borrowed funds to stay operational, delaying its timeline to profitability. JetBlue will cut off-peak flights, park older jets, delay some upgrades, review hiring, and reduce staff travel to cut costs. JetBlue has been trying to raise revenue and reduce costs after losing its Spirit merger and American Airlines partnership, with no annual profit since 2019.