Originally Posted by
JulesWinfield
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.
I was just looking at that covid low point on the chart and thinking we’re gonna retest that price.
Also there’s a gap at $9.65-$9.72 if you believe in that type of astrology