JetBlue Airways Corporation (NASDAQ:JBLU) lifted its third-quarter revenue outlook amid improved summer travel.
The airline raises forecasts for third-quarter revenue, available seat miles, and other metrics.
JetBlue Airways Corp.'s stock jumped 6% early Thursday, after the discount airline raised guidance for the third quarter after revenue was boosted by improving in-month bookings and strength in Latin America, among other factors.
JetBlue, Spirit and Frontier have said they will defer deliveries of dozens of new Airbus planes. Those deferrals come as many airlines are still short on deliveries of fuel-efficient jets and demand for new planes is strong.
With JetBlue Airways shares moving south, we assess the current positioning of the stock to determine if it's a good investment at this juncture.
JetBlue (JBLU) reported earnings 30 days ago. What's next for the stock?
JetBlue tapped debt markets for about $3 billion in fresh capital. The money will be used to pay off debt due in the coming years and to fund capital expenditures, but investors are worried about the cost of the debt.
JetBlue (NASDAQ: JBLU) stock price has imploded as the company continues operating in a highly difficult market and after receiving credit downgrades by Moody's and S&P Global. It has dropped by over 16% this year while benchmark indices like S&P 500 and Nasdaq 100 have risen by double digits.
JetBlue Airways Corp.'s stock slid another 2% early Tuesday after a record selloff on Monday, as the big three credit rating agencies downgraded the company further into junk territory on news it is issuing more than $3 billion in debt.
JetBlue was downgraded by ratings agencies S&P and Moody's after the budget air carrier announced plans to raise more than $3 billion in debt as it deals with financial challenges.
JetBlue (JBLU) shares tumbled more than 21% in intraday trading Monday after the company announced plans to raise over $3 billion in debt and received credit downgrades from major credit rating agencies.
JetBlue (NASDAQ: JBLU ) stock is falling hard on Monday after the airline company announced a $400 million senior secured notes offering. This has JetBlue selling $400 million worth of senior secured notes that will be due in 2029.