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

JetBlue Airways CEO Joanna Geraghty told staff that the carrier is implementing a host of new cost cuts as softer-than-expected travel demand is making break-even operating margins this year unlikely."We're hopeful demand and bookings will rebound, but even a recovery won't fully offset the ground we've lost this year and our path back to profitability will take longer than we'd hoped. That means we're still relying on borrowed cash to keep the airline running," Geraghty said in a note to staff dated Monday ...