S&P and Moody's downgrade JetBlue, shares fall

Name: S&P and Moody's downgrade JetBlue, shares fall
Uploaded: 2024-09-07T00:47:58Z
Description: STORY: Shares of JetBlue plummeted as much as 18% in Monday morning trading, after ratings agencies S&P and Moody's downgraded the airline due to concerns over its financial health. The downgrades come after JetBlue unveiled plans to raise more than $3 billion in debt, most of which will be backed by its TrueBlue loyalty program. S&P downgraded the carrier from a 'B' to 'B-', saying it expects a

STORY: Shares of JetBlue plummeted as much as 18% in Monday morning trading, after ratings agencies S&P and Moody's downgraded the airline due to concerns over its financial health. The downgrades come after JetBlue unveiled plans to raise more than $3 billion in debt, most of which will be backed by its TrueBlue loyalty program. S&P downgraded the carrier from a 'B' to 'B-', saying it expects a