JetBlue Plans Fare Hikes, Capacity Cuts to Cover Rising Fuel Costs

A JetBlue Embraer 190 taxis on the tarmac at Ronald Reagan Washington National Airport in Arlington, Va., on June 29, 2021. Daniel Slim/AFP via Getty ImagesIn an April 28 report announcing JetBlue Airlines’ first-quarter financials, CEO Joanna Geraghty delivered a mixed message of strong revenue performance coupled with the need for belt-tightening. Geraghty said rising fuel costs were likely to result in higher fares and flight reductions for the rest of the year.“While the macro environment, particularly fuel, has become more volatile, we are taking decisive actions to manage what is within our control, including adjusting capacity, optimizing revenue, and maintaining disciplined cost control,” Geraghty said in the report.