Airline Ticket Prices Keep Plunging as Competition Stays Hot
Travelers have many reasons to complain about airlines, as reliability and service standards in the industry remain so-so, at best. However, high fares are increasingly a problem of the past.
In the last 10-15 years, fast-growing budget carriers like Spirit Airlines (NASDAQ: SAVE) and JetBlue Airways (NASDAQ: JBLU) have made air travel more affordable for many people. Meanwhile, the intense competition they have provided has forced high-cost carriers like United Continental (NYSE: UAL) to reduce their own fares and become more efficient.
Spirit Airlines' growth has helped keep U.S. airfares down. Image source: Spirit Airlines.
Source: Fool.com
Jetblue Airways Corp. Stock
€5.72
1.400%
Currently there is a rather negative sentiment for Jetblue Airways Corp. with 1 Buy predictions and 4 Sell predictions..
This results in a negative potential of -30.01% based on a current price of 5.72 € and a target price of 4 € for the stock.
