JetBlue Airways has outlined a long-term plan to drive shareholder returns through new and existing initiatives that are expected to collectively generate more than $400 million in annual operating income on a run rate basis beginning in 2017. JetBlue has deferred 18 Airbus aircraft scheduled for delivery from 2016-2018 to 2022-2023 in a bid to reduce capital expenditures by more than $900 million through 2017 and allow the airline to optimize its fleet to better match capacity with demand. Robin Hayes, JetBlue’s President, said: “We believe the plan laid out today benefits our three key stakeholders. It delivers improved, sustainable

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In