JetBlue cutting flights and staff hours because people are staying home

• JetBlue is implementing cost-cutting measures, including reducing flights and staffing hours, due to a slower-than-expected return to profitability.
• CEO Joanna Geraghty informed staff that breaking even on operating margins this year is "unlikely" and the airline is relying on borrowed cash.
• The cost-cutting plans involve cutting off-peak flights, eliminating less profitable routes, and pausing refurbishment plans for older Airbus A320 jets.
• JetBlue is assessing its hiring plans, considering combining leadership roles, and reducing travel spending, but will continue hiring frontline employees.
• Despite the cuts, JetBlue is moving forward with plans to add domestic-first class seats to some aircraft and build airport lounges, and has partnered with United to allow customers to book flights on each other's airline.

IN FULL

JetBlue is cutting flights and reducing staff hours because people aren’t traveling as much