Why Investors Shrugged Off JetBlue's Guidance Cut

The summer surge in COVID-19 cases and hospitalizations driven by the Delta variant disrupted a nascent recovery in U.S. air travel demand. The situation has forced a slew of U.S. airlines to walk back their bullish third-quarter forecasts in recent weeks.

Last Thursday, JetBlue Airways (NASDAQ: JBLU) was one of several airlines to cut its Q3 forecast in conjunction with a presentation at an investor conference. However, investors didn't seem to mind. JetBlue stock actually rose 4% on Thursday, before giving back that gain on Friday. The stock is basically unchanged from where it sat after JetBlue gave its initial outlook for the quarter in late July.

Continue reading

Source Fool.com