JetBlue aims to cut costs even as demand for travel rebounds
JetBlue Airways Corp. is working with consultants to set targets for a new round of cost cuts, even as it prepares to meet surging consumer demand for travel. The airline expects to see “progressive improvement” in its cost performance throughout the rest of this year, following an operational meltdown in April that led to hundreds of flight cancellations and cost overruns, CFO Ursula Hurley said at a Bank of America conference Tuesday. JetBlue, which is pursuing a $3.3b hostile takeover bid for Spirit Airlines, previously had said it would detail its next round of “structural cost initiatives” at an investor day later this month. It’s ultimately targeting low single-digit growth in costs for each seat flown a mile in 2023, excluding fuel, Hurley said.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2022-05-19/unaligned/jetblue-aims-to-cut-costs-even-as-demand-for-travel-rebounds
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JetBlue aims to cut costs even as demand for travel rebounds
JetBlue Airways Corp. is working with consultants to set targets for a new round of cost cuts, even as it prepares to meet surging consumer demand for travel. The airline expects to see “progressive improvement” in its cost performance throughout the rest of this year, following an operational meltdown in April that led to hundreds of flight cancellations and cost overruns, CFO Ursula Hurley said at a Bank of America conference Tuesday. JetBlue, which is pursuing a $3.3b hostile takeover bid for Spirit Airlines, previously had said it would detail its next round of “structural cost initiatives” at an investor day later this month. It’s ultimately targeting low single-digit growth in costs for each seat flown a mile in 2023, excluding fuel, Hurley said.<br/>
