S&P Downgrades JetBlue’s Credit Rating
Photo Credit: JetBlue Airways was in the red during the third quarter. Wikimedia Commons / Nathan Coats
Skift Take
JetBlue’s credit rating was downgraded as the carrier struggles to return to profitability.
S&P Global Ratings downgraded JetBlue’s credit rating from a B+ to a B Thursday, citing financial performance that had “weakened considerably.”
The rating agency pointed to higher operating costs, moderating demand, and elevated debt levels. It noted the credi
