JetBlue falls as Seaport downgrades stock to 'neutral'

JetBlue Airways

17/08/2026 14:58

** Shares of U.S. carrier JetBlue Airways JBLU.O down about 3% at $5.46 early trading
** Seaport Research Partners downgrades JetBlue Airways JBLU.O to "neutral" from "buy," withdraws PT 
** Brokerage says saying higher risks from Middle East conflict could increase fuel costs and put more pressure on airline's balance sheet
** Notes that end of Iran ceasefire and continued closure of Strait of Hormuz raise uncertainty around jet fuel costs
** Seaport says higher fuel prices are bigger problem for JBLU than for some peers given its elevated debt levels
** Adds that co could be forced to increase borrowing if fuel costs rise sharply and losses continue 
** 12 of 19 brokerages rate stock "hold" and seven "sell"; their median PT is $5.65 - estimates compiled by LSEG
** Up to last close, stock up about 24% YTD
     

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com;))