Deep Dive: JetBlue Airways Warns of Weaker Demand
JetBlue Airways Corp. plans to hasten cost cuts by eliminating some flights, ending service to a number of cities and restructuring its leadership ranks as economic uncertainty feeds weaker-than-expected demand for travel, the company said in an internal memo. The carrier will eliminate underperforming routes and plans to announce network changes in coming weeks, according to the memo from Chief Executive Officer Joanna Geraghty seen by Bloomberg on Tuesday. JetBlue implemented budget reductions at support centers and is assessing hiring, spending on business partners and vendors and will…
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