Most people are scared of airlines and really you can't blame them but we have better insight than most as to what's going on. Granted it's more on the production level but it does give you the feel of what the company is going to do. If you want it give it a shot. Only one way to find out.
I purchased XJT which did horrible and each time it did bad I kept buying more. Being young has its advantages which the largest is time. So I just kept buying more. Yesterday it was at $2.05 and I put every dime I could into it. Sold my Brazilian index fund even and dumped all that into it. This morning I sold it at $2.69 which after all was said and done ended up making a nice percentage. Then after that sell was complete I saw that my Brazilian index fund had dropped down to $71 which was the lowest I have seen so now I picked that back up. It's been a great two days. Now time to wait for next month's big check.
After digging through JetBlu's financials it doesn't look half bad on paper. Of course there are things we know about so I'm going to hold off. Once the load factors for January are posted I'm sure a lot of people are going to panic sell their airline stocks. When those -$1+ days hit I'm going to jump on them.