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JetBlue rolls out in-app bag tracking and Apple AirTag integration to enhance its baggage service and boost customer confidence.
JetBlue Airways Corp. JBLU CEO Joanna Geraghty told employees on Tuesday that the company is rolling out additional cost-saving measures due to weaker travel demand, making it unlikely the airline will reach break-even margins this year.
Economic uncertainty is weighing on flight demand for JetBlue, which is moving to reduce costs.
Airline stocks such as DAL, UAL, AAL and LUV rebounded as easing Middle East tensions drove oil prices down, lifting hopes for better margins ahead.
JetBlue shares fell 3% in afternoon trading and have lost more than 42% this year.
JetBlue Airways (JBLU) CEO Joanna Geraghty wrote in a memo that the struggling carrier will be further cutting unprofitable routes among other cost-cutting measures amid weak travel demand, a report said.
JetBlue Airways is reducing flights, evaluating routes and cutting budgets amid weak consumer demand, CEO Joanna Geraghty told staff in an internal note.
Breaking news hits Morning Trade Live with JetBlue (JBLU) cutting back flights after it reported weaker travel demand. Diane King Hall talks about the report and shares how it differs from its airline peers.
JetBlue to cut more flights, other costs with break-even 2025 'unlikely' due to weaker travel demand
JetBlue Airways CEO Joanna Geraghty told staff that the carrier is implementing a host of new cost cuts as softer-than-expected travel demand is making break-even operating margins this year unlikely.
The expansion aims to enhance the customer experience with personalized insider service from localities, strengthening JBLU's position as a major tourism partner of Puerto Rico.