Jetblue Shares Constrained by Conversion Price of Its Debt

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Jetblue Shares Constrained by Conversion Price of Its Debt

Dow Jones07-07

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)

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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. 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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. 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