San Diego, 2025 A Jetbus ARBUS A321-231 taxi at San Diego International Airport in San Diego, California.
Kevin Carter | Getty images
Jetbu Airways CEO Joanna Gerghati told the staff that the carrier is implementing a host of new cost cuts as the demand for a soft-to-intake travel is also making a break-even operating margin.
“We are hoping that demand and booking will be rebound, but even a recovery will not completely offset the land that we have lost this year and our path for profitability will take us longer than expected. It means that we are still trusting the cash borrowed to run the airline,” Gerghi said in a note that was seen by the CNBC on Monday.
Jetbu did not comment immediately.
Memo said the airline would further cut flights, stop retrofits and park some of its airbus jets. The carrier “is also assessing the size and scope of our leadership team and identified the methods of combining or restructuring certain roles for greater efficiency at the leadership level,” the Memo said.
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