Why Shares of JetBlue Were Grounded in April

JetBlue Airways (NASDAQ: JBLU) surprised investors with a hostile bid for a rival early in April, then surprised them again later in the month with a tepid growth forecast. It all added up to a miserable month for the stock, with shares losing 26.4% of their value, according to data provided by S&P Global Market Intelligence.

It's been a rough couple of years for the airline industry. Carriers' revenue fell to near-zero during the period when pandemic restrictions and social distancing efforts were at their most intense, and travelers were fairly slow to return. Investors came into 2022 hoping that a strong summer travel season would help airlines rebuild bruised balance sheets, and few U.S. airlines were more optimistic than JetBlue.

Image source: JetBlue Airways.

Source Fool.com