United Kingdom
United States
Asia Pacific
JetBlue will cut capacity growth to reign in fuel costs
JetBlue is trimming capacity growth for the remainder of the year to offset rising fuel prices.
Speaking during its Q2 earnings call CEO Robin Hayes said capacity will rise by less than 6% in the final quarter of the year, down by 2% compared to previous expectations.
This is down to fuel costs which surged more than 50% during the quarter from a year ago.
A second quarter loss of $120 million sent its share price tumbling and the outlook for the rest of the year is cautious.
Hayes acknowledged the disappointing numbers and said the airline ‘should not be using high fuel prices as an excuse.’
The carrier said it will shift some capacity from Long Beach to better performing transcontinental services from September.
It is also planning adjustments on ancillary revenue in the coming days which could mean fee increases or expanding its range of added fees.
JetBlue recently announced some job cuts are planned at its New York headquarters.
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference
Insights from James Ferrara on Inteletravel’s Growth and Future
Tricia Handley-Hughes on Inteletravel’s Growth and Challenges
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Dozens fall ill in P&O Cruises ship outbreak
Woman dies after getting ‘entangled’ in baggage carousel
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Protestors now targeting Amsterdam cruise calls