BofA Securities analyst Andrew G. Didora upgraded JetBlue Airways Corp (JBLU) from Underperform to Neutral, citing improving revenue trends and a favorable industry backdrop. Didora expects JetBlue’s liquidity position to improve significantly in the coming years, giving the company time to execute its turnaround plan. The upgrade reflects a positive outlook on the airline’s future.
JetBlue Airways Corporation (JBLU) stock climbed after the company revised its third-quarter revenue expectations upwards, driven by improved operations, stronger bookings, and additional revenue from re-accommodating passengers affected by other airlines’ cancellations. The company is focusing on fleet simplification and capacity growth with the A220 deliveries.
JetBlue Airways Corporation (JBLU) stock is down today following the announcement of a $400 million convertible senior notes offering. The company plans to use the proceeds to repurchase existing debt and cover related fees. Learn how to buy JetBlue shares through ETFs and 401(k) strategies.
