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JetBlue slashes 40% of flights over next 2 months as airlines seek to stay afloat amid outbreak

JetBlue has announced major changes to its operations as it attempts to curb the fallout of the coronavirus outbreak on the airline industry.

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JetBlue has announced major changes to its operations as it attempts to curb the fallout of the coronavirus outbreak on the airline industry.

"We are reducing our capacity in the coming months, with a reduction of at least 40% in April and May," the company said in a statement Wednesday. "We also expect substantial cuts in June and July, and given the unpredictability of this event, we will ground some of our aircraft."

JetBlue says it will be notifying affected customers about cancellations that will impact them.

The airliner joins a growing list of companies being forced to slash flights and prices as the coronavirus continues to spread.

American Airlines, the world's largest airline, said it would cut its international capacity by 10% this summer compared to the current schedule, and eliminate 7.5% of its domestic flights in April.

Delta Air Lines said it will slash its international flights between 20% to 25% and trim domestic flights by 10% to 15%.

"We are prepared to do more as the situation evolves," said Delta CEO Ed Bastian. "Should the environment get worse, we can go deeper."

Bastian spoke at an investor conference sponsored by JPMorgan along with five other airlines - American, United, JetBlue, Spirit and Alaska.

Discount carrier Spirit Airlines also announced it would cut capacity by 5% in April, and it could possibly make deeper cuts in May.

"I think it is safe to say there will be capacity reductions in May, with the 5% reduction in April just being the first move," said Spirit CEO Ted Christie.

Spirit will still have 9% more capacity in April than it did a year ago. But it had previously expected to grow capacity by 14% before this slowdown.

Executives at several of those carriers said they expect tougher times ahead.

CNN contributed to this report.