JetBlue Airways (B6, New York JFK) has signed a USD125 million accelerated share repurchase agreement with Barclays Bank. The repurchases are part of a USD750 million stock buyback programme announced in December 2017, which had USD125 million remaining as of September 6. That programme commenced on January 1, 2018, and will run until December 31, 2019.

Based on the stock closing price of September 6, at USD16.67, the repurchase would represent around 7.5 million shares, or about 2.5% of the 296.3 million shares outstanding as of June 30. JetBlue's stock has lost 8.9% over the past three months but was up by more than 1% in premarket trading on September 9, MarketWatch reported.

The move follows a similar accelerated share repurchase agreement signed with Goldman Sachs and announced on March 1, concerning the buyback of USD125 million worth of the airline's stock, or about 4.7 million shares, to the airline.