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.

JetBlue Airways is implementing broad cost-cutting measures, including reducing flights, pausing upgrades to its aircraft, and cutting internal spending, as it struggles to regain profitability.

JetBlue says it's scaling back its flight schedule and reducing services to several US states and major metropolitan airports, such as John F. Kennedy International Airport. That