Airline Stocks Face Turbulence: JetBlue Crashes 41% and Experts Sound Alarm
JetBlue’s Slide and Ratings JetBlue’s stock has been battered recently. Despite raising its Q3 guidance in September (strong late-summer bookings and cheaper fuel allowed JetBlue to tighten capacity and increase revenue forecasts flightglobal.com flightglobal.com), investors remain skeptical. The airline’s Jul–Sep earnings showed a loss of $0.16 per share (worse than many peers) marketbeat.com. JetBlue’s heavy debt load and sub‐1x price/sales make it vulnerable as yields soften. Credit and equity analysts are cautious: Weiss Ratings’ Oct 9 report gave JBLU a sell (D-)” rating marketbeat.com. MarketBeat notes that 7 analysts now rate JBLU Hold and 5 rate Sell, yielding a consensus