A JetBlue Airways Airbus A321-231 taxis at San Diego International Airport on March 4, 2025 in San Diego, California.
Kevin Carter | Getty Images
JetBlue Airways CEO Joanna Geraghty told staff that the carrier is implementing a number of recent cost cuts as softer-than-expected travel demand is making break-even operating margins this yr unlikely.
“We’re hopeful demand and bookings will rebound, but even a recovery won’t fully offset the bottom we have lost this yr and our path back to profitability will take longer than we might hoped. Which means we’re still counting on borrowed money to maintain the airline running,” Geraghty said in a note to staff dated Monday, which was seen by CNBC.
JetBlue didn’t immediately comment.
The airline will further cut flights, pause retrofits and park a few of its Airbus jets, the memo said. The carrier can be assessing the “size and scope of our leadership team and have identified ways to mix or restructure certain roles for greater efficiency on the leadership level,” the memo said.
The carrier has been searching for ways to extend revenue a yr after a failed acquisition of Spirit Airlines. Last month, it announced a brand new partnership with United Airlines.
That is breaking news. Check back for updates.
