JetBlue is evenmore calling back its development strategies after havingahardtime with a high number of canceled flights
26 April 2022, 23: 00
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DALLAS — JetBlue Airways stated Tuesday that it lost $255 million in the veryfirst quarter, and extensive flight cancellations in April plus the requirement to hire and train more pilots will hold-up the business’s return to success.
New York-based JetBlue stated it would evenmore lower its schedule this summertime to limitation hold-ups and cancellations.
The business’s shares fell 11.4% to close at $11.57, hardly above their 12-month low.
Like other airlines that have reported monetary results this month, JetBlue stated need for tickets is strong and fares are increasing — the average first-quarter fare was 31% greater than a year ago — as customers continued to return to travel after 2 years of pandemic.
But JetBlue hadahardtime in April, canceling 10% of its flights. The business blamed its issues on an boost in pilots leaving, bad weathercondition in Florida and New York, air-traffic control hold-ups and other aspects.
The pilots’ union has loaded some of the blame on the airlinecompany’s chief of systems operations. A union authorities stated the airlinecompany’s credibility has suffered as clients sustain canceled fligh