Transportation
JetBlue Steps Up Cost Cuts on Weaker-Than-Expected Travel Demand
Travelers board a JetBlue aircraft on the tarmac at Long Beach Airport in Long Beach, California.
Photographer: Patrick T. Fallon/BloombergJetBlue 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.