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S&P upgrades JetBlue
S&P said it upgraded the corporate credit rating on JetBlue Airways Corp. to BB from BB-.
The outlook is stable.
The agency said the upgrade is based on the company's stronger credit metrics based on improved operating performance and over $1 billion of debt reduction since 2014.
JetBlue's operating costs benefit from its high aircraft utilization, productive employees and relatively simple route network, S&P said.
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