JetBlue posts quarterly loss, scales back Airbus orders

JetBlue posts quarterly loss, scales back Airbus orders

JetBlue posts quarterly loss, scales back Airbus ordersUnder a delivery schedule set on May 7, JetBlue said it now plans to receive a total of 40 Airbus SE jets through 2022, down from 61 that filings show it had contracted over that time period as of last year. JetBlue shares rose 4.9 percent. Since cases of the novel coronavirus began accelerating in March, U.S air travel demand has sunk by about 95%, forcing airlines to shift their focus from growth plans to parking planes and minimizing their daily cash burn.