JetBlue reaches share repurchase agreement with Barclays for $125 million

JetBlue Airways has reached an agreement with Barclays Bank for a $125 million accelerated share repurchase agreement. This agreement is part of a $750 million stock buyback programme announced in December 2017, which started on 1 January 2018 running until 31 December 2019. The programme had $125 million remaining as of 6 September. The repurchase would represent around 7.5 million shares, or about 2.5% of the 296.3 million shares outstanding as of 30 June. Others who have taken up the buyback option is Goldman Sachs, who on 1 March initiated a buyback of $125 million worth of the airline’s stock.