JetBlue Airways said on Tuesday it plans to defer delivery of 21 Airbus A320 aircraft that were originally scheduled for delivery between 2009 and 2011 until 2014 and 2015, citing current high fuel costs.
“In the face of escalating fuel costs, we believe it is essential to take a more financially conservative approach to managing our business,” said Dave Barger, its chief executive.
Barger said the deferrals will help JetBlue further moderate its growth rate in 2009 and beyond, which will enhance liquidity and defer future debt obligations.
(Reuters)
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May 28, 2008 at 1:03 am