Cost Management IssuesInvestors are concerned about JetBlue's ability to start bending the cost curve in the years beyond 2025, given the ongoing disappointment in financial guidance.
Operational ChallengesGroundings of GTF-engines continue to be a major constraint, with management anticipating peak groundings to occur within the next couple of years, affecting operational capability.
Profitability ConcernsInvestors are skeptical about JetBlue's ability to generate sufficient profitability and free cash flow as a standalone entity, leading to a significant drop in share value.