Airlines including American and United offered some employees extra pay to handle the increase in demand, while Delta Air Lines canceled hundreds of flights because of a shortage of pilots over the holiday break, a problem the carrier said it has fixed.
Airlines have been banking on a spike in air travel over the holiday, but demand still remains a fraction of last year’s levels and executives earlier this month said ticket sales had slowed amid a spike in coronavirus cases and new warnings from health officials.
JetBlue Airways on Monday forecast its revenue would fall 70% in the fourth quarter compared with the same time last year, down from a previous forecast of a 65% drop.
“Booking trends remain volatile and the company continues to believe demand and revenue recovery will be non-linear through the fourth quarter and beyond,” the New York-based carrier said in a securities filing.
Its daily cash burn will likely average between $6 million and $8 million in the quarter, up from its earlier estimate of between $4 million and $6 million a day.