It’s obviously an incredibly challenging time for the airline industry across the board, given the impacts that high jet fuel prices are having on airline margins. It’s nearly impossible for even the world’s most profitable airlines to make money with jet fuel prices where they are, given the elasticity of airfare demand.
But even beyond the current situation, most of the smaller US carriers have struggled with profitability since before the coronavirus pandemic, given how the industry has evolved. JetBlue has been the topic of conversation in recent times, both when it comes to potential merger activity, and also when it comes to a possible Chapter 11 bankruptcy filing. So along those lines, there’s an interesting update…
In the memo, Geraghty stated that it has been “a noisy few weeks across the airline industry,” and that JetBlue is “operating in an environment that is more challenging” than was expected at the beginning of the year.
A great solo travel tip spotted this week on One Mile at a Time.
