Why JetBlue, Spirit, and Frontier All Lost Altitude This Week
It has been a surprisingly shaky earnings season for airlines, which have seen strong summer demand but also have questions about the quarters to come. Investors have tended to see the glass as half-empty.
Shares of JetBlue Airways (NASDAQ: JBLU), Frontier Group (NASDAQ: ULCC), and Spirit Airlines (NYSE: SAVE) fell as much as 15.7%, 13.6%, and 12.5%, respectively, for the week as of Thursday afternoon, according to data provided by S&P Global Market Intelligence.
Airline stocks have taken investors on a wild ride over the last three years. The pandemic wiped out demand for travel and raised questions about whether some airlines would survive, but a post-vaccine surge in demand has led to full planes and improved margins.
Source Fool.com
Jetblue Airways Corp. Stock
€4.61
5.320%
Our community is currently low on Jetblue Airways Corp. with 1 Buy predictions and 4 Sell predictions.
With a target price of 4 € there is a slightly negative potential of -13.21% for Jetblue Airways Corp. compared to the current price of 4.61 €.
