JetBlue Scales Back Routes in ‘Urgent' Effort to Restore Profitability
JBLUJetBlue(JBLU) PYMNTS·2024-04-24 02:54

JetBlue is removing and scaling back routes as it tries to regain profitability. The air carrier on Tuesday (April 23) released earnings that showed the company reducing its revenue forecast for the year, as it exits some cities and reduces flights out of Los Angeles. “As we look to the full year, significant elevated capacity in our Latin [America] region, which represents a large portion of JetBlue’s network, will likely continue to pressure revenue and we expect a setback in our expectations for the full ...