JetBlue hasn't posted an annual profitability since the onset of the pandemic, with the carrier enduring a $1.4 billion loss in 2020. In 2024, its $3.8 billion merger with Spirit Airlines was rejected by a federal judge on the grounds that it would hurt competition for low-cost air travel tickets.

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