JetBlue CEO: More Cuts Ahead As Airline Faces Prolonged Losses

JetBlue Airways Corp. JBLU CEO Joanna Geraghty told employees on Tuesday that the company is rolling out additional cost-saving measures due to weaker travel demand, making it unlikely the airline will reach break-even margins this year.Financial Outlook and ProfitabilityGeraghty expressed hope that demand and bookings might improve, but noted that even a rebound would not fully recover the losses experienced so far, according to CNBC. As a result, JetBlue continues to depend on borrowed funds to maintain o ...