Route Adjustments - JetBlue is cutting flights from Fort Lauderdale to Jacksonville, New York's JFK to Austin, Houston, Miami, and Milwaukee, and from Westchester to Milwaukee [2] - The airline will also end service to San Jose, California [2] - JetBlue will stop using planes with Mint business class on Seattle flights starting in April [3] - The company will drop its second JFK-Paris flight and summer-only service between New York and London's Gatwick Airport starting in the summer 2025 travel season [5] Strategic Focus - JetBlue is redeploying aircraft outfitted with its high-value business class and tweaking Europe service to return to consistent profitability and cut costs [3] - The airline is focusing on reducing costs and culling unprofitable routes, particularly on the West Coast, as it deals with a Pratt & Whitney engine grounding and post-pandemic shifts in demand [6] - JetBlue is making network adjustments in certain markets, removing underperforming flights to redeploy resources, including its popular Mint service, toward high-demand markets and new opportunities [7] Financial Performance - JetBlue's revenue and bookings for November and December have come in better than expected, leading to an 8% increase in shares on Wednesday [6] Market Dynamics - Florida remains a strong geography for JetBlue, but the airline has not been profitable in Miami post-COVID due to the dominance of legacy carriers like American and Delta [4] - JetBlue will continue serving Miami from Boston [5] Customer Impact - Customers affected by the changes can select alternate flight options or receive a refund if other routes aren't available [7]
JetBlue cuts more unprofitable routes, tweaks Europe flights
JetBlue(JBLU) CNBC·2024-12-04 22:32