Why JetBlue Is Gaining Altitude Today
Results from JetBlue Airways (NASDAQ: JBLU) provided little reason for optimism, though there was an argument to be made that the post-earnings stock reaction was too great.
On Friday, investors warmed to the stock, sending JetBlue shares up 10% as of 10:45 Eastern.
JetBlue shares have been in a holding pattern of late, down about 60% from their pre-pandemic level and largely flat over the last three years. The government blocked JetBlue's plan to acquire Spirit Airlines, leaving it with few good options for growth.
Source Fool.com
