JetBlue hasn't posted an annual profitability since the onset of the pandemic, with the carrier enduring a $1.4 billion loss in 2020. In 2024, its $3.8 billion merger with Spirit Airlines was rejected by a federal judge on the grounds that it would hurt competition for low-cost air travel tickets.

JetBlue Airways is implementing broad cost-cutting measures, including cutting flights, pausing upgrades to aircraft, and reducing internal spending, as it struggles to regain profitability.