JetBlue is executing a cost-cut strategy of cutting unprofitable routes, deferring aircraft deliveries and pricing premium seats. It was also reported by CNBC that the airline has already offered senior pilots voluntary early retirement packages as part of the restructuring.

JetBlue’s earnings results for the last quarter were better than analysts’ expectations to lose $0.29 per share. The company did miss its revenue target as year-over-year sales dropped by -2.1%. This marks five out of six quarters of declining revenue as JetBlue focuses on a balance sheet turnaround.

JetBlue Airways lost less money than Wall Street was expecting in the fourth quarter, but that wasn’t enough to stop the company’s shares from racking up double-digit losses on Tuesday. The low-cost carrier reported an adjusted loss of 21 cents a share on revenue of $2.

The New York-based carrier announced what it's calling the EvenMore experience, a refreshed type of extra-legroom seat located at the front of its economy cabins.

Unit costs in 2025 will rise as much as 7% excluding fuel, the airline said Tuesday in a statement, outpacing analysts’ estimates on higher spending for compensation and aircraft maintenance. JetBlue shares fell as much as 18% as markets opened in New York, their biggest slump since Aug. 12.

Shares of JetBlue tumbled Tuesday morning after the airline's downbeat outlook for the first quarter and upcoming fiscal year overshadowed a better fourth quarter than analysts had expected.

JetBlue Airways Corporation (NASDAQ:JBLU) reported an adjusted loss per share of 21 cents, beating the consensus loss of 31 cents, compared to a 19-cent loss reported a year ago. The air carrier reported operating revenue of $2.

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The airline unveiled the lounge plans last year as part of its larger JetForward effort to boost operating profits by $800 to $900 million by 2027. New premium offerings, including the lounges, are estimated to bring in a roughly $400 million lift.

United Airlines is making progress toward its goal of outfitting its entire fleet with an improved cabin experience featuring seatback screens, Bluetooth connectivity and larger overhead storage bins.

WASHINGTON (Reuters) -A U.S. appeals court on Tuesday blocked the Biden administration's 2024 rule requiring upfront disclosure of airline service fees, saying the Transportation Department (USDOT) had not complied with procedural rules.