Jet Blue Blues

[Bill Nelson]

S&P revises JetBlue's ratings outlook to negative
Fri Oct 29, 2004 02:53 PM ET
NEW YORK, Oct 29 (Reuters) - Standard & Poor's on Friday lowered the outlook on JetBlue Airways Corp.'s (JBLU.O: Quote, Profile, Research) debt ratings to negative from stable, citing the airlines' weaker-than-expected third-quarter earnings and difficult industry conditions.



Outlook revisions signal the ratings agency is more likely to lower the company's debt ratings over the next 24 months. JetBlue on Thursday said third-quarter earnings dropped 71 percent, to $8.4 million from $29 illion a year earlier. S&P also affirmed JetBlue's "BB-minus" corporate credit rating.

Hope those RJ's hurry up and save the day for poor old JB! (Now thats funny, folks)

 

[Eagleflip]

Yup, it is a trying time for everyone, including B6. This next quarter may be a difficult one for us.

This is probably a great time to remind everybody on the board, especially any JetBlue type, that it pays to be humble. The economy is a tough mistress and we are obviously not immune to increased cost of fuel and intense competitive environment.

Will we survive? Heck yeah! The next three years are going to be difficult, but will remain manageable if we keep our heads on straight and maintain a reasonable CASM. At that point the stock will take care of itself--and us as well.

And good luck to all!

 

[LearAv8r]

This is probably a great time to remind everybody on the board, especially any JetBlue type, that it pays to be humble.


How true.....the most important thing is you guys still made a profit. Funny how sometimes to these analysts they overlook important things (profit/loss).

cheers!

Lear-

 

[jetblue320]

S&P revises JetBlue's ratings outlook to negative
Fri Oct 29, 2004 02:53 PM ET
NEW YORK, Oct 29 (Reuters) - Standard & Poor's on Friday lowered the outlook on JetBlue Airways Corp.'s (JBLU.O: Quote, Profile, Research) debt ratings to negative from stable, citing the airlines' weaker-than-expected third-quarter earnings and difficult industry conditions.



Outlook revisions signal the ratings agency is more likely to lower the company's debt ratings over the next 24 months. JetBlue on Thursday said third-quarter earnings dropped 71 percent, to $8.4 million from $29 illion a year earlier. S&P also affirmed JetBlue's "BB-minus" corporate credit rating.

Hope those RJ's hurry up and save the day for poor old JB! (Now thats funny, folks)

You find financial discord funny?