00:00It's Benzinga bringing Wall Street to Main Street.
00:02JetBlue shares plunged nearly 10% Monday to an all-time closing low of $2.37
00:09as investors questioned the airline's financial viability, according to the Wall Street Journal.
00:15Shares rebounded 9.7% in extended trading after JetBlue released its third quarter results a day
00:21early, reporting revenue growth and reaffirming plans to achieve an operating profit next year.
00:26The airline posted a $257 million quarterly loss, or $0.68 per share, as high fuel prices
00:35continued squeezing margins. JetBlue reported $2.2 billion in liquidity at the end of the quarter.
00:40The results followed reports that senior creditors hired financial and legal advisors
00:45amid concerns about the airline's ability to repay debt.
00:49JetBlue has not recorded an annual profit since before the pandemic.
00:53For all things money, visit Benzinga.com.
