JetBlue received $252 million as part of PSP extension agreement

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JetBlue Airways Corp.
JBLU,
-2.37%
disclosed Friday that it received $252 million from the U.S. Treasury as part of a Payroll Support Program Extension Agreement, including a grant of $206 million and a lot of $46 million. Under terms of of the PSP, JetBlue said it issued to the U.S. Treasury warrants to buy 316,583 shares of JetBlue common stock, at an exercise price of $14.43. The air carrier’s stock, which fell 1.4% in premarket trading, has rallied 17.5% over the past three months through Thursday, while the U.S. Global Jets ETF
JETS,
-1.84%
has climbed 20.8% and the S&P 500
SPX,
+0.03%
has gained 11.6%.

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