JetBlue Airways is planning new cost-cutting measures such as reducing flights and parking aircraft, 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 reductions by eliminating some flights, pausing retrofits and parking some jets due to weaker-than-expected demand for travel, the company said in an internal memo.

JetBlue is looking to implement a slate of cost cuts as CEO Joanna Geraghty tells staff that the airline needs to reduce spending.