A JetBlue Airways jet comes in for a landing after flights earlier were grounded during an FAA system outage at Laguardia Airport in New York City, New York, U.S., January 11, 2023.

The airline posted a $25 million profit for the second quarter, down nearly 82% from last year. Wall Street analysts had expected a quarterly loss.

JetBlue hasn't posted an annual profit since before the pandemic. It has spent recent months cutting unprofitable routes and reducing costs to try to stop losing money as it faces higher expenses and an oversupplied domestic market.

JetBlue said Tuesday that it has halted 50 routes and is focusing more on service from New York, New England and Puerto Rico, where it has historically been strong. It also is trying to better deploy its aircraft outfitted with premium seats like its Mint aircraft to maximize revenue.

JetBlue says the changes will help it add $800 million to $900 million in pretax profit from 2025 through 2027.

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