Chris Nealand
Long only

JetBlue: Changing Their Capital Structure For The Better

JetBlue Airways (NASDAQ:JBLU) is a commercial passenger airline that operates primarily on point-to-point routes servicing over 70 destinations in 22 states, Puerto Rico and 12 Caribbean and Latin American countries. They operate mainly out of New York, Fort Lauderdale, Orlando, Boston and Los Angeles (some of the most lucrative travel destinations in the US). Their focus is on targeting price sensitive business and leisure travelers by providing a low cost high value experience.

This article is intended to summarize the major changes occurring in JetBlue's capital structure and the affects of those changes on the stock price under different capital structure scenarios.

Changing Capital Structure

In 2009, JetBlue issued $115 million of 6.75% series A convertible debentures and...

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