10:13 AM EDT, 06/17/2025 (MT Newswires) -- JetBlue Airways ( JBLU ) Chief Executive Joanna Geraghty has told employees that the company is planning a series of cost cuts amid weak travel demand, media outlets reported Tuesday.

"We're hopeful demand and bookings will rebound, but even a recovery won't fully offset the ground we've lost this year and our path back to profitability will take longer than we'd hoped," CNBC quoted Geraghty as saying in a note to employees. "That means we're still relying on borrowed cash to keep the airline running."

JetBlue Airways ( JBLU ) is looking to further reduce flights, suspend retrofits and park some of its Airbus planes, the memo said, according to CNBC.

The company is also evaluating the size and scope of its leadership team and may combine or restructure some roles, Reuters reported, citing the memo.

JetBlue ( JBLU ) didn't immediately respond to MT Newswires' request for comment.

JetBlue ( JBLU ) shares were falling 3.5% in recent trading.

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