JetBlue's Cash And Investments Fell By 25% In Three Months—Will Their Cash Last While They Turn The Airline Around?

JetBlue shares rally after airline flags 'disconnect' between earnings and bond rout

JetBlue Airways shares surged 20% on Tuesday, after the airline raised its ‌revenue forecast and defended its financial position against a recent slump in its bonds.

JetBlue's Cash And Investments Fell By 25% In Three Months—Will Their Cash Last While They Turn The Airline Around?

JetBlue ended September with $2.2 billion in liquidity. Its June-quarter filing reported the same rounded figure. But they counted different things. Unrestricted cash and investments fell by $542 million in just three months. They blew through a quarter of their unrestricted cash in... just a quarter.