It appears some of the shine may be coming off everyone’s favorite low-cost airline. JetBlue announced its first-quarter results yesterday, and the numbers aren’t pretty: a $32 million loss.
This represents the second consecutive quarter without a profit for the airline, which is planning to sell “at least two, and potentially up to five” planes from its current fleet. JetBlue will also defer delivery of 12 planes scheduled for purchase over the next several years. The carrier isn’t cutting any of the new routes promised for this year, though it will “reduce capacity in certain trans-continental markets” and focus more on shorter-haul routes.
JetBlue devotees shouldn’t panic yet, but I wouldn’t file this under the category of “good news,” either.
We hand-pick everything we recommend and select items through testing and reviews. Some products are sent to us free of charge with no incentive to offer a favorable review. We offer our unbiased opinions and do not accept compensation to review products. All items are in stock and prices are accurate at the time of publication. If you buy something through our links, we may earn a commission.