JetBlue posts grim update, announces $500mn stock offering

JetBlue Airways (B6, New York JFK) expects to raise USD506.7 million after deducting expenses, in a new share offering to boost its liquidity, it announced in a stock exchange filing on December 1. It priced its underwritten public offering of 36.5 million shares of its common stock at USD14.40 per share. The number of shares was an increase from a separate filing issued earlier in the day, which quoted 35 million shares. The underwriters will have a 30-day option to acquire up to 5.475 million additional...
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