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StumbleLow-fare carrier to split stock
Tuesday, Oct. 7, 2003 | 9:31 a.m.
NEW YORK -- Fast-growing discount carrier JetBlue Airways Corp. said today it will split its stock 3 for 2 for the second time since going public last year.
"The three-for-two stock split reflects our confidence in the Company's future growth prospects," Chief Executive David Neeleman said in a statement.
The stock split will increase the number of shares by 50 percent to 101 million, but reduce their value by two-thirds, or 66 percent.
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