Core Insights - JetBlue Airways has raised its third-quarter revenue guidance, projecting a potential growth of up to 1% year-over-year due to increased bookings and improved operational performance during the summer [1] - The airline's revenue projection has been adjusted to reflect a range between a 2.5% loss and a 1% gain, an improvement from the previous forecast of a loss between 1.5% and 5.5% [1] Financial Performance - JetBlue's shares experienced a nearly 8% increase following the announcement of the revised revenue guidance [2] - Despite the recent rally, JetBlue shares have not fully recovered from the previous announcement regarding a $3 billion debt raise and subsequent credit downgrades [2] Market Context - The US Global Jets ETF, which includes airline shares, saw an increase of over 1% recently, indicating a positive sentiment in the airline sector [2]

JetBlue Airways Corporation (NASDAQ:JBLU) lifted its third-quarter revenue outlook amid improved summer travel. The stock was last seen up 6.1% to trade $5.34 as a result, consolidating above penny stock territory after bouncing off an Aug. 14, year-to-date low of $4.49, which followed the offering of $400 million convertible senior notes. Despite being on track to conquer its 30-day moving average, JBLU carries a 12.9% quarter-to-date deficit.Short sellers are firmly in control, with short interest up 58.2 ...

In this articleSAVEULCCJBLUJetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024.Gary Hershorn | Corbis News | Getty ImagesAirlines that spent years clamoring for new jets are changing their tune.Cash-strapped, low-cost and deep discounter airlines are putting off spending billions of dollars on new aircraft to save money as they try to return to steady profitability and face the impact of e ...

Shares of Long Island City, NY-based airline JetBlue Airways Corporation (JBLU) have not had a good time on the bourses of late, declining in double-digits over the past 180 days. The disappointing price performance resulted in JBLU underperforming its industry in the said time frame as well as the S&P 500, of which the airline is a key member. Additionally, JBLU’s price performance compares unfavorably with that of fellow U.S. airline operators United Airlines (UAL) and Alaska Air Group, Inc. (ALK) in the ...

It has been about a month since the last earnings report for JetBlue Airways (JBLU) . Shares have lost about 24% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is JetBlue due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Q2 Earnings Beat at JetBlueJetBlue's second-q ...

The airline is raising cash ahead of a potential downturn.JetBlue Airways (JBLU 1.52%) charted a course for the debt market this week, raising more than $3 billion through a series of three deals.The money raised will be useful to refinance some debt coming due in the years to come and as a cushion against a potential downturn. But it also changes the airline's leverage profile. Investors are concerned, sending JetBlue shares down 22% for the week as of Thursday afternoon, according to data provided by S&P ...

NEW YORK, N.Y., Aug. 14, 2024 (GLOBE NEWSWIRE) -- JetBlue Airways Corporation (NASDAQ: JBLU) (“JetBlue”) today announced that JetBlue and JetBlue Loyalty, LP (the “Loyalty LP” and, together with JetBlue, the “Issuers”), a newly formed Cayman Islands exempted limited partnership and an indirect wholly-owned subsidiary of JetBlue, priced their (1) $2,000 million aggregate principal amount of 9.875% senior secured notes due 2031 (the “Notes”) and (2) $765 million senior secured Term Loan B due 2029 (the “Term ...

NEW YORK, N.Y., Aug. 12, 2024 (GLOBE NEWSWIRE) --  JetBlue Airways Corporation (NASDAQ: JBLU) (“JetBlue”) today announced the pricing of $400 million aggregate principal amount of its 2.50% convertible senior notes due 2029 (the “notes”). JetBlue granted the initial purchasers of the notes an option to purchase up to an additional $60 million aggregate principal amount of the notes. JetBlue expects to close the offering on or about August 16, 2024, subject to the satisfaction of customary conditions. In cer ...

Core Insights - JetBlue shares fell over 21% after announcing plans to raise over $3 billion in debt and receiving credit downgrades from major rating agencies [1][3] - S&P Global and Moody's downgraded JetBlue's credit ratings, while Fitch Ratings maintained its rating but downgraded its senior secured debt ratings [2][3] - Moody's indicated that it may take JetBlue "a number of years" to improve its operating profit and cash flow sufficiently for an upgrade [2] Debt Financing Details - JetBlue plans to raise $1.5 billion through a private offering of senior secured notes, $1.25 billion via a term loan secured by its loyalty program TrueBlue, and $400 million through a convertible notes offering [1] Credit Rating Changes - Moody's downgraded JetBlue's rating to B3 from B2, citing rising competition and increased consumer demand for premium offerings as challenges [2] - S&P Global cut JetBlue's issuer credit rating to B- from B, predicting continued weakness due to excess industry capacity and higher labor costs [2] - Fitch Ratings maintained a B rating for JetBlue, noting a healthy liquidity balance but downgraded its senior secured debt ratings to BB-/RR2 from BB/RR1 [3] Stock Performance - JetBlue shares dropped to $4.75 in afternoon trading, marking a loss of over 14% since the beginning of the year [3]

JetBlue (NASDAQ:JBLU) stock is falling hard on Monday after the airline company announced a $400 million senior secured notes offering.JetBlue is selling $400 million worth of senior secured notes due in 2029. Additionally, initial investors in this offering will have a 13-day option to acquire another $60 million worth of senior secured notes.JetBlue says that it will use some of the funds from this offer to repurchase its 0.50% senior convertible notes due 2026. The rest will go toward general corporate p ...