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Why JetBlue Stock Is Down Today

TheMotleyFool

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Shares of JetBlue Airways (NASDAQ: JBLU) traded down as much as 5% on Tuesday afternoon on reports that regulators are preparing to challenge an alliance between JetBlue and American Airlines Group (NASDAQ: AAL). That would be unwanted turbulence for the airline, and the threat has investors heading for the exits.

JetBlue is a well-regarded airline, but it offers a niche product from a limited number of focus airports. The company throughout its history has attempted to broaden its reach via partnerships, and last year announced a wide-ranging alliance with American designed to improve both airlines' competitive positions in Boston and New York.

Image source: JetBlue Airways.

Source Fool.com

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