Why JetBlue Stock Is Gaining Altitude Today
Airline investors are feeling bullish following strong results from Delta Air Lines, meaning stocks including JetBlue Airways (NASDAQ: JBLU) are enjoying a tailwind. Shares of JetBlue were up 10% as of 1 p.m. ET following Delta's quarterly results.
Image source: JetBlue.
Airlines tend to be cyclical, performing well when times are good and consumers have money to spend on vacations. Shares have been under pressure this year due to concerns that higher inflation and tariff-related uncertainty would lead to less demand.
Source Fool.com
Jetblue Airways Corp. Stock
€4.08
0.550%
The sentiment is rather negative at the moment with 11 Sell predictions and 1 Buy predictions.
A potential of -26.55%, resulting from comparing the current price of 4.08 € with the target price of 3 € for Jetblue Airways Corp., shows the chance of incurring significant losses.
