From the USA TODAY:

JetBlue CEO Dave Barger will take a 50% pay cut for the second half of 2008, something Reuters calls "a show of solidarity with employees as the low-cost carrier struggles with soaring fuel prices and a slowing U.S. economy." Barger's base salary is $500,000 a year, presumably meaning that a 50% cut applied to the second half of the year will shave $125,000 from his salary. JetBlue disclosed the pay cut in a federal filing Monday, saying that Barger is making the move "in recognition of the challenges faced by the Company and its employees in the current industry environment."