JetBlue rating affirmed by Fitch

Fitch Ratings has affirmed the Long-Term Issuer-Default Rating (IDR) for JetBlue Airways Corp. (JBLU) at ‘BB-‘. The Rating Outlook has been revised to Positive from Stable. Fitch has also affirmed JBLU’s senior secured credit facility at ‘BB+/RR1’. Fitch has withdrawn the company’s unsecured rating following the conversion of all of its outstanding convertible notes in 2016. The rating encompasses JBLU’s strong credit metrics, consistent profitability, growing domestic presence and its solid financial flexibility. The rating is also supported by the company’s meaningful debt reduction over the past few years and its continued commitment to a healthy balance sheet. JBLU’s Positive