JetBlue: Abundance Of Liquidity Will Help This Airline To Survive The Pandemic (NASDAQ:JBLU
published 30.07.2020 14:19
Those moves, along with the net proceeds from the CARES Act, helped JetBlue to increase the airline’s liquidity position to $3.4 billion.
The good news is that JetBlue managed to survive the initial wave of the pandemic and the company’s management clearly understands the need to adapt to this new environment until things get back to normal.
Since JetBlue operates the majority of its flights from two of its hubs in JFK and Boston Logan, the airline quickly experienced the disruption that COVID-19 caused to its operations at the beginning of March, when the virus started to spread in New York and Massachusetts.
JetBlue was one of the first airlines to experience the negative effect of COVID-19, since New York and Boston, from where JetBlue operates most of its flights, became the epicenters of coronavirus at the beginning of the pandemic in the United States.
Despite showing poor performance in Q2, I stand with my belief that JetBlue (JBLU) will be one of the first airlines to recover from the current crisis and thrive once this is all over.