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JetBlue Airways is implementing cost-cutting measures due to weaker-than-expected travel demand, making break-even operating margins unlikely this year. These measures include reducing off-peak flights, trimming unprofitable routes, pausing some aircraft refurbishments, and reassessing hiring plans. The airline is relying on borrowed cash to stay afloat, and while it's exploring revenue-boosting strategies, a return to profitability is expected to take longer than anticipated. This comes after the failed merger with Spirit Airlines and the blocked alliance with American Airlines.

Prepared by Christopher Adams and reviewed by editorial team.