Originally Posted by
Flyby1206
GUH.
I have held too many JBLU shares for too long. Sell? Ride it out? Can it really get worse (don’t answer that!)?
That is really what you have to ask yourself. With JBLU cutting back their schedule and sustained $100 barrel oil, while they overextend themselves with debt to buy Spirit, I think the answer is yes, it can get worse. They don't seem to be turning the ship around, with increased demand they can't service. I'd say the bottom would be somewhere around $6-8, around the covid dip.