JetBlue to cut more flights, other costs with break-even 2025 'unlikely' due to weaker travel demand

Core Insights - JetBlue Airways is implementing significant cost cuts due to weaker-than-expected travel demand, making it unlikely to achieve break-even operating margins this year [1][2] - The airline's recovery to profitability is anticipated to take longer than initially expected, with reliance on borrowed cash to sustain operations [2] - JetBlue plans to reduce flight schedules, pause aircraft retrofits, and park some Airbus jets as part of its cost-cutting measures [3] Cost-Cutting Measures - The airline will further cut flights to align with the reduced demand [3] - JetBlue is pausing retrofits on aircraft to conserve resources [3] - Some Airbus jets will be parked as part of the strategy to manage costs [3] Leadership Restructuring - The company is assessing the size and structure of its leadership team [3] - Identified opportunities to combine or restructure certain roles for improved efficiency at the leadership level [3]