JetBlue could get the blues in 2017
JetBlue stock has soared 30% over the past month and a half, as demand for airplane tickets has jumped and the company has made promising comments about its prospects. But one analyst thinks investors may be overlooking the company’s risks. Raymond James analyst Savanthi Syth downgraded JetBlue shares to Market Perform from Outperform Wednesday. Syth’s concern is that the company is expanding into too many new markets, which could make it harder to keep planes filled. Much of that is related to JetBlue’s decision to add service to Cuba, but the company is also adding service in other areas too. That decision to expand capacity by about 7.5% in 2017 comes as most other carriers are slowing expansion to make sure the domestic market doesn’t get oversaturated and cause them to lower fares. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-12-23/unaligned/jetblue-could-get-the-blues-in-2017
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JetBlue could get the blues in 2017
JetBlue stock has soared 30% over the past month and a half, as demand for airplane tickets has jumped and the company has made promising comments about its prospects. But one analyst thinks investors may be overlooking the company’s risks. Raymond James analyst Savanthi Syth downgraded JetBlue shares to Market Perform from Outperform Wednesday. Syth’s concern is that the company is expanding into too many new markets, which could make it harder to keep planes filled. Much of that is related to JetBlue’s decision to add service to Cuba, but the company is also adding service in other areas too. That decision to expand capacity by about 7.5% in 2017 comes as most other carriers are slowing expansion to make sure the domestic market doesn’t get oversaturated and cause them to lower fares. <br/>
