April 29 (Reuters) - JetBlue Airways ( JBLU ) pulled its

2025 forecast on Tuesday, as macroeconomic uncertainties

stemming from U.S. President Donald Trump's sweeping tariffs

have made it difficult to predict travel demand.

Trump's tariffs have sparked a global trade war and raised

the odds of the world spiraling into recession, creating

headwinds for major U.S. airlines which were benefiting from

strong travel demand and solid pricing across their networks

just two months ago.

"As we continue to monitor the evolving macro backdrop, we

are evaluating all levers available to us to boost profitability

and preserve cash, including additional capacity reductions,

targeted cost savings and further evaluation of our fleet

retirement schedule," JetBlue ( JBLU ) CEO Joanna Geraghty said.

The airline reported a smaller-than-expected adjusted loss

of 59 cents per share for quarter ended March 31, compared with

analysts' expectations of 61 cents according to data compiled by

LSEG.

As travel is mainly a discretionary expense for many

consumers and businesses, growing economic concerns have clouded

the airline industry's outlook.

JetBlue ( JBLU ) expects second-quarter revenue per available seat

mile, a proxy for pricing power, to fall between 3.5% and 7.5%.

The New-York based airline is facing higher operating costs

as ongoing inspections of RTX's Pratt & Whitney's Geared

Turbofan engines have grounded a number of its aircraft.

The airline has deferred deliveries of 44 new Airbus

jets, cutting planned capital expenditures by

approximately $3 billion between 2025 and 2029.

Total first-quarter operating revenue fell 3.1% to $2.14

billion.