JetBlue Airways posts quarterly loss and revises Airbus order book

(Reuters) – JetBlue Airways Corp on Thursday posted a $268 million quarterly loss due to the impact of the coronavirus pandemic on air travel and said it had revised its order book with Airbus SE to reduce its aircraft capital expenditures by $1.1 billion through 2022.

New York-based JetBlue said that following measures to boost its liquidity, it expects its daily cash burn to fall to just below $10 million in May from an average of $18 million in the second half of March, excluding government assistance under the CARES Act.

(Reporting by Tracy Rucinski; editing by Jason Neely)