S&P cuts JetBlue rating to 'CCC+' on high fuel costs, elevated leverage, warns of operating pressure through 2027 and no positive free cash flow until 2028.
S&P downgraded JetBlue's credit rating to 'CCC+' from 'B-', citing high fuel costs and elevated leverage, and flagged significant operating pressure over the next 12 months with no positive free cash flow expected until 2028.
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