JetBlue Assures Investors on Finances
JetBlue reassured investors about its financial health after posting a wider-than-expected quarterly loss. The airline raised its full-year seat revenue growth forecast and reported strong liquidity.
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JetBlue Airways posted a wider-than-expected quarterly loss of 60 cents per share on Monday, while lifting its full-year seat revenue growth forecast to 14%. The carrier is grappling with a 48% year-to-date share decline and mounting debt concerns that triggered a sharp bond selloff. The carrier aims to reassure investors of its financial health by highlighting $2.2 billion in liquidity and restructuring confidence.
