JBLU - It Might Be Time to Buy the Dip on JetBlue Stock
From its April 2021 high of nearly $22 per share, JetBlue Airways (NASDAQ: JBLU) stock dove over 63% to the $7 to $8 range in 2022. But demand for flights remains exceptionally strong, and the new year is off to a strong start. JetBlue shares are up 41% so far in 2023.
As the airline industry recovers, is it time to buy the dip on JetBlue? Let's take a bird's eye view.
Operating revenue last quarter landed at $2.4 billion -- the highest fourth-quarter operating revenue in JetBlue's history. And 2022 emerged as the best revenue year ever for the New York City-based carrier.
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It Might Be Time to Buy the Dip on JetBlue Stock