In This Article:
Deutsche Bank (DB) downgraded JetBlue Airways (JBLU) and Frontier Airlines (ULCC) to Hold from Buy, citing an economic slowdown that will impact air travel demand.
Market Domination anchors Julie Hyman and Josh Lipton discuss Deutsche Bank analyst Michael Linenberg's view that discount airlines like JetBlue and Frontier will suffer more than full-price carriers.
Analysts have largely moved to Hold ratings for JetBlue, with no remaining Buy recommendations.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
This post was written by Josh Lynch
All right, let's also talk about Deutsche Bank downgrading JetBlue Airways from buy to hold Frontier. Also, uh, being cut as well. And the note citing an economic soft patch that will likely weigh on air travel demand here. Um, the analyst here, Michael Linenberg, uh, leading this note and basically saying that the discount airlines are going to suffer more, um, than the full price airlines here. So some of the other discount airlines were already on their hold list, and now JetBlue and Frontier are joining it.
Yeah, and also saying JetBlue still faces uncertainty on a return to profitability, given, uh, they say that JetBlue is expecting a mid to high teens number of aircraft on the ground this year. Most on the street are actually at a hold at this point. In fact, how many buys are left on this name, Julie Hyman? Zero.
Tell me.
Really?
Zero.
Wow. All right. I don't know. Maybe a contrarian indicator, who's to say? I don't know.
Maybe. Who's to say?
