JBLU is trading at $5.31 (+4.53%), recovering from yesterday's sell-off. The rebound comes as a new class-action lawsuit is filed against the airline, adding to the list of recent catalysts driving volatility.
- A lawsuit was filed alleging the airline uses customer personal data to set ticket prices, a development related to the recently announced congressional probe that triggered yesterday's ~7% plunge.
- The stock is bouncing from a drop to $5.08, which was also fueled by bankruptcy fears and soaring jet fuel costs.
- The stock remains highly volatile, with today's gain erasing more than half of yesterday's losses.