Jetblue Shares Constrained by Conversion Price of Its Debt

Dow Jones
07/07

1318 ET - Even though JetBlue is one of the biggest beneficiaries of Spirit's recent demise, its stock has limited upside due to the $6.12 conversion price of its convertible debt, Raymond James analysts Savanthi Syth and Carter Eades say in a research note. And while there aren't liquidity concerns at JetBlue this year, it would be prudent for the company to address its capital structure with a Chapter 11 restructuring, they say. While that would be a bitter pill for current shareholders, it would be smart given the actions management has taken in recent years, including the recent build out of Fort Lauderdale as the company's first true hub, the analysts say. They downgrade the stock to underperform from market perform. JetBlue is up 1% to $6.08.(dean.seal@wsj.com)

(END) Dow Jones Newswires

July 06, 2026 13:18 ET (17:18 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10