JetBlue Rises After News it is Cutting Summer Schedule
2022.04.11 18:40
By Sam Boughedda
Investing.com — JetBlue Airways Corp (NASDAQ:JBLU) shares are trading 2% higher Monday morning after CNBC reported that the company will trim its summer schedule.
CNBC stated that the company will make the cut to avoid flight disruptions as it works to hire new staff ahead of an expected surge during the peak travel season.
“We’ve already reduced May capacity 8-10% and you can expect to see a similar size capacity pull for the remainder of the summer,” Joanna Geraghty, JetBlue’s COO and president, said in an email to JetBlue staff, seen by CNBC.
JetBlue canceled more flights over the weekend as the company continued to deal with staffing shortages.
The company isn’t the only airline struggling, with airlines in the US and Europe struggling for staff at a time when traveler numbers are rising significantly.
Earlier today, London’s Heathrow airport reported that its March passenger numbers were the highest since the pandemic began.
