Jetblue had the second best cash position heading into this in terms of debt to cap ratio and available cash. They are Ina very good position. They have $3.4 billion in cash on hand at end of q2 and now issued another $800 million in secured debt with most of which yielding 4% interest rate. At this point, doesn't even look like they need to take the cares loan money. They have plenty of money to last through a long drought in demand.
Every airline is making their cuts based on market demand. Jetblue will continue to add routes and make cuts based on where demand there are. Expect more adds out of NYC and Boston which will probably annoy our delta friend here. their NYC buildup is real.
September is a long demand month. Southwest just took a huge axe to their schedule. The latest airline to do so. JetBlue will also continue to trim their schedule as needed. Not a big deal. Just what the market demands.