JetBlue, Frontier Airlines downgraded to Hold by Deutsche Bank
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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
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