Powers joined the budget airline in 2006 as treasurer and has been its CFO for the last five years.

He will be an adviser with the company for a year, JetBlue said in a statement.

Jim Leddy, senior vice president and treasurer, will be the CFO on an interim basis, subject to board approval at a meeting next week, the company said.

(Reporting by Rachit Vats in Bengaluru; Editing by Anil D'Silva)