Moody Cuts JetBlue's Ratings

[StraaightTaalk]

More good news for JetBlue...

From Forbes.com:

http://www.forbes.com/feeds/ap/2007/05/17/ap3734049.html

From Reuters:

http://today.reuters.com/news/articleinves...TING-MOODYS.XML

 

[CO738]

Some highlights from al-Reuters:


JetBlue suffered an embarrassing service disruption on Feb. 14 that exposed weakness in the No. 8 U.S. carrier's operations. For details, see [ID:nN10404382].

The company's ratings "were downgraded because of the continued high level of financial leverage following several years of rapid, largely debt-financed growth of its aircraft fleet," Moody's said in a news release.

Another factor was "weak financial results at JetBlue during a relatively good operating environment for the airlines," Moody's said.


Looks like jetWe'reThrough is suffering some pretty strong growing pains.