Overview

• JetBlue posted a $25 million profit for Q2 2024, defying analyst expectations of a loss.
• The airline will defer deliveries of 44 Airbus A321neo aircraft to 2030 and beyond, reducing capital expenditure by $3 billion.
• JetBlue plans to cut 50 unprofitable routes and concentrate on leisure travel in New York, New England, Florida, and Puerto Rico.
• Shares of JetBlue surged up to 20% following the announcement, marking the biggest daily gain since February.
• Operational challenges, including issues with Pratt & Whitney engines, continue to impact JetBlue's fleet availability.