JetBlue has launched a new program to reduce costs by $250 million in 2024 by introducing operational and planning efficiencies. The plan follows a review of its long-term cost structure, which has been tweaked before in recent years. High costs were JetBlue’s Achilles Heel in Q2 and contributed to the airline’s $-188 million net loss, of $-443 million for HY1. JetBlue targets $250 million in cost reductions with new plan.
The $-188 million compares to a $64 million profit in Q2…