JetBlue Airways Corp is trading 5.3% down at $4.66 after a fresh S&P Global credit downgrade pushed its debt rating deeper into junk territory, intensifying worries about leverage and funding costs.
- The downgrade cited mounting fuel-cost pressures and a projected 2026 cash flow deficit, reviving concerns around the airline's weak margins and high debt load.
- Recent legal and operational headwinds continue to weigh on the stock, which is currently underperforming a broadly weaker U.S. equity market.