Why JetBlue Stock Is Losing Altitude Today
Shares of JetBlue Airways (NASDAQ: JBLU) traded down more than 8% on Monday afternoon after the airline announced a new $650 million convertible-note offering.
Airlines spent most of last year scrambling to raise money to counter mounting losses due to the pandemic. Travel demand is starting to bounce back, but the industry is not out of the woods yet.
Image source: JetBlue Airways.
Source Fool.com