Why is JetBlue underperforming?

Neither JetBlue nor Spirit are on solid footing. Fuel prices have climbed along with other costs, just as red-hot post-pandemic growth in travel demand has eased and fares have dropped, depriving carriers of revenue when they need it to cover expenses.



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High on the list was the lack of communication from JetBlue, the lack of accommodations provided to the passengers, and boarding process issues. “The manner in which we were treated was unprofessional, dangerous, and downright inhumane,” Deady wrote.

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March 7, 2023, at 10:58 a.m. The Biden administration sued to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers.

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JetBlue also forecast an adjusted loss for the fourth quarter and the full year, guiding to an adjusted loss of between 35 cents and 55 cents in the last three months of the year.

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Based on the 2023 J.D. Power North America Airline Satisfaction Study, JetBlue ranked highest in customer satisfaction in the first/business class segment for the second consecutive year. It also ranked in the top three for its premium economy and economy offerings.

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Following a February 2007 incident in which the airline was forced to cancel nearly 1,700 flights due to winter storms, JetBlue's board of directors replaced founder and Chief Executive Officer David Neeleman with Barger. He had politicked the board, while Neeleman was busy publicly apologizing.

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What Is JetBlue Airways's Net Debt? You can click the graphic below for the historical numbers, but it shows that JetBlue Airways had US$3.19b of debt in June 2023, down from US$3.48b, one year before. However, it also had US$1.67b in cash, and so its net debt is US$1.52b.

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Choose United Airlines if: You're a premium flyer and you like having lounge access at the airport (remember, JetBlue doesn't offer lounges). You prefer flying on large widebody aircraft on longer flights. United's long haul fleet consists of larger aircraft such as the 777-300/ER and 787 (all variants).

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