JetBlue Airways Corporation (JBLU)
JetBlue downgraded by all three ratings agencies after announcing debt offering
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 downgraded by S&P and Moody's amid $3B debt raise
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 Hit With Credit Downgrades Amid $3 Billion Debt Financing
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 Is Plunging. Why Is JBLU Stock Down 21% Today?
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.
JetBlue plummets on plans to fundraise through debt offerings
JetBlue Airways (NASDAQ:JBLU) shares dropped more than 15% today after it launched a US$2.75 billion bond-and-loan sale, leveraging its loyalty program to raise funds for general corporate purposes. The financing package consists of US$1.5 billion in seven-year bonds, which are callable in three years, and a US$1.25 billion five-year term loan.
JetBlue Airways (JBLU) Q2 Earnings & Sales Beat Estimates
Operating revenues decrease 7% year over year at JetBlue Airways (JBLU) in Q2.
JetBlue: Jetting Forward
JetBlue reported a profit in the June quarter despite pressure on domestic fares. The airline is focused on transforming its business following the termination of the merger with Spirit Airlines, with goals for an $800 to $900 million incremental EBIT uplift. The stock trades at ~2.5x just the incremental EBIT goal through 2027.
JetBlue Focuses on Leisure Routes on Road to Restore Profits
JetBlue is focusing on its East Coast leisure routes as it works to return to profitability. The airline released quarterly earnings Tuesday (July 30) showing a $25 million profit, and said it plans to emphasize flights in and out of New York, Puerto Rico and New England, where it is adding new routes from Manchester, N.H.
JetBlue Stock Takes Off After a Surprise Profit
JetBlue Airways (JBLU) shares soared Tuesday after the carrier posted an unexpected profit as it cut some unprofitable routes and said it would delay jet purchases.
Why JetBlue Stock Is Flying High on Tuesday
JetBlue was expected to lose money in the second quarter -- but it earned a profit instead. Management has a plan that could lead to even more profits -- but it could be three years before it truly bears fruit.
JetBlue Shares Soar 18% — Biggest Day Since February
Shares of JetBlue saw their biggest daily percentage gain since February on Tuesday, soaring as much as 20% as the airline posted a better-than-expected quarterly revenue, returning company shares to a three-month high.
Compared to Estimates, JetBlue (JBLU) Q2 Earnings: A Look at Key Metrics
The headline numbers for JetBlue (JBLU) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
