JetBlue’s leadership is not considering filing for bankruptcy – at least in the near term – despite mounting fuel costs.
According to a recent internal memo obtained and first reported by Bloomberg on Monday, JetBlue CEO Joanna Geraghty told employees that a bankruptcy filing is off the table for 2026. The carrier has sufficient liquidity, she said, and access to additional capital if needed.
JetBlue is attempting to turn around its business by slashing unprofitable routes, improving efficiency, and expanding its premium products. The New York-based airline has not recorded a full-year net profit since 2019, prior to the COVID-19 pandemic.
A recent surge in jet fuel prices, brought on by the war in Iran, could throw a wrench into JetBlue’s plans. A clearer picture of the carrier’s financial health will come when it reports its first-quarter earnings on April 28.
Climbing energy costs have already taken a toll on budget carrier Spirit, which is reportedly seeking financial assistance from the federal government. According to insiders, the possibility of liquidation has been discussed.
