Jetblue reduces flights and costs with a continued weak demand for the consumer

Jetblue is implementing a large number of cost reduction measures, Including the axis of some flights, Since economic uncertainty has reduced consumer confidence and then imposed consumer request.

CEO, Joanna Giragti, told the employees in an internal memorandum on Monday that it is not likely that the company would reach an operating margin at one time, and it was hoped for after years of financial pressure.

“We hope that the demand and reservations will recover, but even the recovery will not be completely compensated for the land that we lost this year, and our way to profitability will take longer than we were hoped.” On borrowed money To keep the process running.

Geraghty, who previously held the position of president of the airline, was exploited to move the company, which was in a risk fraught position for years due to the challenges caused by the Covid-19 pandemic that stumbled on the industry.

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Jetblue has not published an annual profit since the beginning of the epidemic, as the carrier bears a $ 1.4 billion loss in 2020. In 2024, its merger of $ 3.8 billion was rejected with spiritual airlines by a federal judge on the basis that he will harm the competition for low -cost air tickets.

To spend on spending and maintaining cash in the short term, Geragatty said that the airline will continue to reduce the ability of flying to match the weakest demand, especially on Tuesday, Wednesday and markets where multiple flights are run for one path.

However, the airline said that the majority of these cuts are already reflected in the current operating schedule of the airline. Meanwhile, the carrier is already looking to “Recycling weak roads“Flying turns into more profitable ways. The transport company is expected to announce these changes within the next few weeks.

Jetblue also temporarily stops the plans of re -photographing some Classics A320 during service and will instead stop them at the end of the summer due to a decrease in aviation. Six of the ten aircraft – the last in the oldest training – are still on the right track to be re -photographed early next year.

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Regardless of its service, the company is also trying to enhance efficiency between its leadership by combining or restructuring certain roles. The carrier said it also reduces some non -operating and non -operating virtual training programs at the Long Island City Support Center in New York City.

The carrier plans to issue an updated travel policy and expenses this week aimed at reducing certain travel costs. The difference also requires all parts of the organization to “check closely and reduce the spending of work travel.” He also implemented budget discounts in support centers and evaluates employment, commercial partner spending and other purchased services.

index	protection	last	Changing	% Change
JBLU	Jetblue Airways Corp.	4.57	+0.10	+2.24 %

Despite the changes in cost costs, Geraghty said that the company is still investing in specific areas of its operation, including compensation reviews for the members of the front lines crew, the merit of the support center, and programs like Jetblue Scholars. The company said it will continue to also employ major front lines roles and strategic support center positions.

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It is still moving forward in plans to launch the first first -class local, which is still under development.