Following the airline’s fourth-quarter results, JetBlue Airways Corp.’s stock dropped this week; yet, the most recent data from data-solutions provider BondCliQ Inc. indicates that the company’s bonds have been attracting purchasers.
Based on available data dating back to April 12, 2002, JetBlue’s (JBLU) stock ended Tuesday’s session down 25.7%, marking its largest fall on record, according to Dow Jones Market Data.
Nonetheless, the BondCliQ data below indicates that net buying of JetBlue bonds has increased following earnings. The 9.875% bond, which matures in 2031, has the highest volume among the three high-yield JetBlue bad bonds. The graphic indicates that since the company’s results were released on Tuesday, purchasers have been interested in the 2031 bond.
According to the following graphic, JetBlue bond purchases accounted for the majority of the day’s activity on Wednesday.
JetBlue’s stock fell as investors focused on the airline’s lower-than-expected projection revenue per available seat mile, a crucial statistic, despite the airline’s positive fourth-quarter results earlier this week.
Since its Tuesday decline, JetBlue’s shares has partially recovered, closing Wednesday’s trading session up 1.5%. Thursday, the stock is up 4.4%.
In the past 12 months, JetBlue shares have increased 14.2%, while the U.S. Global Jets exchange-traded fund (JETS) has gained 39.9% and the S&P 500 index (SPX) has gained 24%.
