Why JetBlue Stock Lost Altitude This Week
JetBlue Airways (NASDAQ: JBLU) 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 Global Market Intelligence.
JetBlue is navigating through some difficult headwinds. The airline industry is experiencing falling consumer demand, which is eating into pricing, and smaller carriers like JetBlue are feeling it more than their larger rivals.
Source Fool.com
Jetblue Airways Corp. Stock
€5.15
-0.330%
Our community is currently low on Jetblue Airways Corp. with 1 Buy predictions and 4 Sell predictions.
A potential of -22.27%, resulting from comparing the current price of 5.15 € with the target price of 4 € for Jetblue Airways Corp., shows the chance of incurring significant losses.
