JetBlue Airways bonds dropped to their lowest price since issuance ahead of next week’s second-quarter earnings report, driven by renewed investor concerns over economic headwinds. The $2 billion in bonds due 2031 fell more than 2 cents to about 84 cents on the dollar, the lowest price since their issuance in August 2024. The decline followed the budget airline’s invitation to fixed income investors for a meeting focused on the company’s liquidity and balance sheet in August, according to Bloomberg. A JetBlue spokesman said the company regularly meets with investors to discuss strategy and performance.
JetBlue Airways CorpBonds fell to record low and investor meeting on liquidity raises concerns about financial health.