JetBlue Airways Corporation (JBLU)

Fitch Ratings affirmed the Issuer Default Rating (IDR) for JetBlue Airways (NASDAQ:JBLU) at 'B-' and the senior unsecured rating, which applies to approximately USD470 million of convertible notes, at 'CC' with a Recovery Rating of 'RR6', according to the Center for Asia Pacific Aviation. The airline's rating outlook has been revised from 'Negative' to 'Stable'. JetBlue’s shares slipped 0.2% on Friday.
Fitch stated the affirmation of JBLU's ratings and the outlook revision reflect its view that the airline is in a “good position to deliver improved operating results and a second consecutive year of positive free cash flow (FCF) as the economy recovers in 2010”.

Mar 8 · 2:22:00 PM · Source: Center for Asia Pacific Aviation
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by Steve Wieczorek