JetBlue cuts Airbus orders after losses

Under a delivery schedule set on May 7, JetBlue said it now plans to receive a total of 40 Airbus through 2022, down from the 61 it had contracted over that time period as of last year.

The new schedule includes one A220 and seven A321NEO jets this year. The news came after the company posted a $258m loss for the first quarter of 2020.

Operations are down 90% at present, with that likely to reduce to 80% in June, but growth is expected to be higher in July and onwards.

The company has secure around $3.1 billion in cash and $958m in CARES Act payroll support which bares it from making anyone redundant until September.

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