JetBlue announced today that it will make a 40% cut to its schedule as it weathers damage to the aviation industry from the coronavirus. 

The company called the financial losses “stunning.”

“Last year on a typical day in March we took in about $22 million from bookings and ancillary fees. Throughout this March, our sales have fallen sharply and in the last several days we have taken in an average of less than $4 million per day while also issuing over $20 million per day of credits to customers for canceled bookings,” JetBlue said.

The company said some executives will take a 50% pay cut.  

Source: CNN News

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