JBLU Stock Recent News
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United States Steel Corp (NYSE:X) stock is up 4.1% at $32.55 at last check, after an upgrade from JPMorgan Securities to "overweight" from "neutral," and at GLJ to "buy" from "sell.
JBLU expects third-quarter 2024 average fuel cost per gallon in the range of $2.70-$2.80 (prior view: $2.82 - $2.97).
BOSTON--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today announced it has launched service between Boston Logan International Airport (BOS) and Presque Isle International Airport (PQI), with the first flight arriving in Presque Isle this afternoon. Service to and from Presque Isle will operate daily, giving travelers in Northern Maine and New Brunswick added convenience when traveling to Boston and beyond. “We are happy to bring the long-desired Boston flights back to Presque Isle and the surround.
JetBlue Airways Corporation (NASDAQ:JBLU) lifted its third-quarter revenue outlook amid improved summer travel.
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.
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 Announces Pricing of $2,000 Million Senior Secured Notes Offering and $765 Million Term Loan
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 Loan” and, together with the Notes, the “Loyalty Financings”). The Notes offering was increased by $500 million from the previously announced offering size of $1,500 million in connection with a decrease to the size of the Term Loan.
CNBC's Robert Frank reports on the latest news.