JetBlue CEO Says Airline Unlikely to Break-Even, Cost Cuts to Come

JetBlue is looking to implement a slate of cost cuts as CEO Joanna Geraghty tells staff that the company is "still relying on borrowed cash to keep the airline running."

JetBlue CEO Joanna Geraghty told staff on Monday that the company is looking to cut costs in response to soft travel demand.

“We’re hopeful demand and bookings will rebound, but even a recovery won’t fully offset the ground we've lost this year and our path back to profitability will take longer than we’d hoped,” Geraghty said in a memo that was seen by Skift. “That means we’re still relying on borrowed cash to keep the airline r