JetBlue Airways (NASDAQ:JBLU) Shares Down 17% – What’s Next?

Posted by Francis Steltz on Oct 22nd, 2026

JetBlue Airways Corporation (NASDAQ:JBLU – Get Free Report) traded down 17% during mid-day trading on Thursday. The company traded as low as $2.59 and last traded at $2.4330. 46,158,071 shares were traded during trading, an increase of 78% from the average session volume of 25,900,176 shares. The stock had previously closed at $2.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JBLU shares. The Goldman Sachs Group boosted their price target on shares of JetBlue Airways from $3.50 to $4.50 and gave the company a “sell” rating in a research note on Thursday, July 2nd. Raymond James Financial reaffirmed an “underperform” rating on shares of JetBlue Airways in a report on Monday, July 6th. BMO Capital Markets cut their target price on JetBlue Airways from $6.75 to $5.25 and set a “market perform” rating for the company in a research note on Monday, September 28th. Bank of America lifted their target price on shares of JetBlue Airways from $3.50 to $4.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 1st. Finally, Susquehanna lowered their price target on JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Nine research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $4.98.

Read Our Latest Analysis on JBLU

JetBlue Airways Stock Performance

The company has a market cap of $999.88 million, a P/E ratio of -1.11 and a beta of 1.77. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.63 and a current ratio of 0.70. The firm has a 50 day moving average price of $4.32 and a 200-day moving average price of $4.98.

JetBlue Airways (NASDAQ:JBLU – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.03. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the prior year, the firm earned ($0.21) earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, research analysts predict that JetBlue Airways Corporation will post -2.68 EPS for the current year.

Insider Transactions at JetBlue Airways

In other news, CFO Ursula Hurley sold 77,253 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $5.76, for a total transaction of $444,977.28. Following the sale, the chief financial officer directly owned 211,099 shares in the company, valued at approximately $1,215,930.24. The trade was a 26.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 83,253 shares of company stock valued at $474,477 in the last quarter. Insiders own 2.41% of the company’s stock.

Institutional Investors Weigh In On JetBlue Airways

A number of institutional investors have recently added to or reduced their stakes in JBLU. U S Global Investors Inc. lifted its stake in shares of JetBlue Airways by 17.2% during the 1st quarter. U S Global Investors Inc. now owns 5,542,536 shares of the transportation company’s stock valued at $24,498,000 after buying an additional 813,782 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of JetBlue Airways in the second quarter valued at about $20,022,000. Primecap Management Co. CA purchased a new stake in shares of JetBlue Airways during the second quarter worth about $13,549,000. Bank of New York Mellon Corp bought a new position in JetBlue Airways during the 2nd quarter valued at approximately $11,336,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in JetBlue Airways during the 2nd quarter valued at $10,748,000. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Company Profile

(Get Free Report)

JetBlue Airways Corporation is a U.S.-based passenger airline that provides scheduled air transportation to destinations across the United States, the Caribbean, Latin America and select locations in Europe. The company operates primarily from focus cities including New York, Boston, Fort Lauderdale, Orlando and Los Angeles, with a network designed to connect major metropolitan areas and leisure destinations.

JetBlue offers multiple classes and service options, including standard economy seating, extra-legroom EvenMore seats and its premium Mint service on select routes.