A JetBlue Airways Airbus A321-231 taxis at San Diego Worldwide Airport on March 4, 2025 in San Diego, California.
Kevin Carter | Getty Pictures
JetBlue Airways CEO Joanna Geraghty advised employees that the service is implementing a bunch of recent price cuts as softer-than-expected journey demand is making break-even working margins this 12 months unlikely.
“We’re hopeful demand and bookings will rebound, however even a restoration will not totally offset the bottom we have misplaced this 12 months and our path again to profitability will take longer than we might hoped. Which means we’re nonetheless counting on borrowed money to maintain the airline working,” Geraghty mentioned in a word to employees dated Monday, which was seen by CNBC.
JetBlue did not instantly remark.
The airline will additional reduce flights, pause retrofits and park a few of its Airbus jets, the memo mentioned. The service can also be assessing the “measurement and scope of our management workforce and have recognized methods to mix or restructure sure roles for higher effectivity on the management stage,” the memo mentioned.
The service has been in search of methods to extend income a 12 months after a failed acquisition of Spirit Airways. Final month, it introduced a brand new partnership with United Airways.
That is breaking information. Test again for updates.
