The shares of JetBlue rose nearly 15% in premarket trading on Monday after the airline provided a timeline for the restoration of its profitability. The company expects to return to profit by 2027 and generate positive free cash flow by 2028, at which point it aims to achieve earnings per share of at least $1.

The projection is an attempt to stabilize investor confidence after the carrier’s stock hit a record low last week. JetBlue has faced increasing scrutiny over its debt and rising fuel costs, which contributed to a third-quarter operating margin of -5.1%. In response to the financial strain, the airline’s creditors have been coordinating with restructuring adviser PJT Partners to manage its obligations.