The carrier has been looking for ways to increase revenue a year after a failed acquisition of Spirit Airlines, and last month it announced a new partnership with United Airlines.JetBlue Airways CEO Joanna Geraghty told staff the carrier is implementing a host of new cost cuts as softer-than-expected travel demand is making break-even operating margins this year "unlikely.

JetBlue Airways is preparing to implement new cost-reduction strategies, including cutting flights and parking aircraft.

JetBlue Airways CEO Joanna Geraghty told staff that the carrier is implementing a host of new cost cuts as softer-than-expected travel demand is making break-even operating margins this year “unlikely.