JetBlue Airways is planning new cost-cutting measures such as reducing flights as soft travel demand makes achieving a breakeven operating margin in 2025 "unlikely", according to an internal memo seen by Reuters.

JetBlue Airways Corp. plans to hasten cost cuts by eliminating some flights, ending service to a number of cities and restructuring its leadership ranks.

JetBlue plans to reduce its capacity and cut unprofitable routes as the travel industry grapples with a slowdown in demand fueled by economic concerns. Why it matters: JetBlue has already been struggling to regain its footing after its plan to merge with Spirit Airlines was blocked by a federal judge in 2024.