JetBlue Airways Stock Is on Sale

In late July, JetBlue Airways (NASDAQ: JBLU) reported very strong results for the second quarter of 2017. The carrier did benefit significantly last quarter from the timing of Easter, but its underlying revenue and cost performance is improving as well.

Nevertheless, JetBlue Airways stock has fallen by about 20% since mid-July. Investor worries about rising fare competition in the airline industry have driven the bulk of this decline. Earlier this week, Delta Air Lines' (NYSE: DAL) Q3 guidance cut caused JetBlue Airways shares to fall even further. This is creating a great buying opportunity for long-term investors.

Source: Fool.com