JetBlue Airways is planning new cost-cutting measures such as reducing flights as soft travel demand makes achieving a breakeven operating margin in 2025 "unlikely", according to an internal memo seen by Reuters.

JetBlue Airways Corp. plans to hasten cost cuts by eliminating some flights, ending service to a number of cities and restructuring its leadership ranks.

JetBlue Airways CEO Joanna Geraghty wrote in a memo that the struggling carrier will be further cutting unprofitable routes among other cost-cutting measures amid weak travel demand, a report said.