JetBlue's recovery plan is 'encouraging': Analyst

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JetBlue (JBLU) recently posted its second quarter earnings, reporting profits after the company cut costs in an attempt to reduce losses. After the CrowdStrike (CRWD) incident caused thousands of flight cancellations, concerns about the sector began to rise.

Raymond James managing director Savi Syth joins Market Domination to give insight into the airline industry and what investors need to know when considering it for their portfolios.

"It looks like the theme for this earnings season is meeting or beating 2Q and maybe disappointing on the third quarter, but I think with a lot of airlines having reported thus far, a lot of JetBlue's expectations have been reeled in. So I think today it met expectations and we've seen a lot of kind of short squeeze in a lot of these airlines this quarter," says Syth

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This post was written by Nicholas Jacobino

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