JetBlue Brings Some Relief to Investors With Third-Quarter Performance - WSJ — SkimNews
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- JetBlue delivered third-quarter performance that brought relief to investors, although it posted a bigger loss on fuel costs and its CEO said margins were improving.
- JetBlue’s creditors hired bankruptcy advisers as debt and broader financial concerns grew.
Why it matters: For JetBlue investors, the third-quarter relief is tempered by a larger loss tied to fuel costs; for creditors, hiring bankruptcy advisers marks a concrete response to worsening debt concerns. The CEO’s claim that margins are improving contrasts with that balance-sheet pressure.
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