JetBlue Plans Flight Cuts, Leadership Restructuring on Weak Demand

JetBlue Airways is accelerating cost-cutting efforts due to weaker-than-expected travel demand, which is delaying its return to profitability. CEO Joanna Geraghty announced plans to reduce flights, pause aircraft retrofits, and park some Airbus jets as part of the strategy to control costs. The airline is also evaluating its leadership structure, identifying opportunities to combine or restructure roles to improve efficiency. Geraghty noted that the company continues to rely on borrowed cash to operate and that recovery will not fully compensate for losses incurred earlier in the year. These announcements caused JetBlue's stock to drop nearly 5% in premarket trading. The airline declined to comment on the reports, which were first detailed in internal memos seen by multiple news outlets.