JetBlue cuts annual costs after plan to boost revenue pays off
Savings to come from aircraft maintenance operations, offering more self-service options
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Dallas
JETBLUE Airways Corp plans to reduce annual costs by as much as US$300 million by 2020 after efforts to boost revenue over the past two years have done better than the company expected.
The largest share of savings - as much as US$125 million - will come in aircraft maintenance operations, with additional cost reductions being generated by offering more self-service options at airports, JetBlue said in an investor presentation on Tuesday. While improving efficiency is a focus, there are no plans for furloughs of workers, the New York-based carrier said.
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