JetBlue Airways is planning new cost-cutting measures such as reducing flights as soft travel demand makes achieving a breakeven operating margin in 2025 "unlikely", according to an internal memo seen by Reuters.

JetBlue Airways Corp. plans to hasten cost cuts by eliminating some flights, ending service to a number of cities and restructuring its leadership ranks.

JetBlue is pulling back on routes to several US states and major metropolitan cities. JetBlue is tightening its belt: The airline on Tuesday announced a round of cost-cutting measures, including fewer routes and reduced spending.