JetBlue to cut flights as carrier says 'unlikely' to break even in 2025 due to weaker travel demand

Core Viewpoint - JetBlue is implementing significant cost-cutting measures due to economic uncertainty affecting consumer confidence and demand, making it unlikely to achieve a break-even operating margin as previously hoped [1][2]. Cost-Cutting Measures - The airline is reducing flight capacity, particularly on low-demand days like Tuesdays and Wednesdays, and in markets with multiple flights on the same route [6][7]. - JetBlue plans to pause the restyling of some A320 aircraft and will park them at the end of summer due to reduced flying [9]. - The company is restructuring leadership roles and cutting optional training programs to enhance efficiency [10]. - An updated travel and expense policy will be issued to reduce travel costs, and teams are being asked to scrutinize business travel spending [12]. Financial Performance - JetBlue has not posted annual profitability since the pandemic began, suffering a $1.4 billion loss in 2020 [5]. - The airline's merger with Spirit Airlines was rejected in 2024, further complicating its financial recovery [5]. Future Outlook - CEO Joanna Geraghty expressed hope for a rebound in demand and bookings, but acknowledged that recovery will take longer than anticipated [2]. - Despite cost-cutting, the company continues to invest in key areas, including compensation for frontline crew members and plans for a domestic first-class service [13][14].