JetBlue's (JBLU) Blues

Moody's decided today would be as good as any other to downgrade debt in JetBlue (JBLU). Moody's, as quoted at MarketWatch said:  "continued high level of financial leverage following several years of rapid, largely debt-financed growth of its aircraft fleet, and continued weak financial results ... during a relatively good operating environment for the airlines."

Moody's could have said that all of the JetBlue shareholders are nervous has hell after customers staged a revolt over poor service during a storm last February. Or, that pushing the CEO out made the airline feel a little unstable. Or, they could have said that Wall St. doesn't understand why JetBlue's stock cannot outperform that of a big carrier with huge legacy expenses like American (AMR).

Never mind.

Douglas A. McIntyre