Why JetBlue Shares Are Declining Again Today
A disappointing outlook provided by JetBlue Airways (NASDAQ: JBLU) caused the airline's shares to fall nearly 10% on Tuesday. It also turned a Wall Street bull on the stock into a bear, sparking a fresh sell-off in the shares on Wednesday.
JetBlue's first-quarter results actually came in slightly better than expectations, but the airline did not provide much reason for optimism about the quarters to come. JetBlue, like most airlines, was hit hard by the pandemic, but JetBlue's optimism about 2022 growth made it a standout early in the year.
Image source: JetBlue Airways.
Source Fool.com
