Raymond James downgraded JetBlue Airways (JBLU) from Market Perform to Underperform.
Analyst Savanthi Syth cited rising fuel costs, labor shortages, and fluctuating travel demand as primary headwinds. The firm expressed concern over the airline's ability to navigate a challenging market environment.
Syth noted that potential gains from Spirit Airlines' struggles are offset by significant operational hurdles. The rating change suggests near-term risks to stock performance from company-specific and macroeconomic pressures.