Reported 3 months ago
JetBlue Airways has announced significant operational changes under its new CEO, Joanna Geraghty, resulting in the largest share increase since 2020. The airline plans to reduce its route network by exiting 15 cities and deferring $3 billion in aircraft purchases until 2030 or later. The company aims to focus on leisure travelers in key markets and expects to generate an additional $800 million to $900 million in pre-tax profit from 2025 to 2027. This restructuring comes as JetBlue reported a surprise profit in Q2, despite challenges including high operational costs and regulatory setbacks.
Source: YAHOO