14.45 -0.97 (-6.29%)
Before hours: 7:54AM EST
|Bid||14.51 x 4000|
|Ask||14.55 x 3100|
|Day's range||15.21 - 15.77|
|52-week range||6.61 - 21.65|
|Beta (5Y monthly)||1.50|
|PE ratio (TTM)||N/A|
|Earnings date||21 Jan 2021 - 25 Jan 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||14.22|
The airlines may have to pay up if they want to be saved, according to Willett Advisors chairman and CEO Steven Rattner.
JetBlue Airways Corporation (NASDAQ: JBLU) today announced that it has priced its underwritten offering of 36,500,000 shares of its common stock at a public offering price of $14.40 per share. The size of the offering was increased from the previously announced 35,000,000 shares of common stock. The net proceeds to JetBlue from the offering, after deducting underwriting discounts and other offering expenses, are expected to be approximately $506,704,000.
With the U.S. presidential election now in the past, the focus in Washington is shifting back to talk of a second COVID-19 stimulus package, and the potential for additional support for airlines has the sector pushing higher on Tuesday. Shares of American Airlines Group (NASDAQ: AAL) and JetBlue Airways (NASDAQ: JBLU) are leading the move higher, each up more than 4.5% as of 1:30 p.m. EST. Airlines have seen travel demand collapse due to the pandemic, with carriers bleeding through millions per day since March.