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.
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Why JetBlue Shares Are Declining Again Today