Deutsche Bank (DB) downgraded JetBlue Airways (JBLU) and Frontier Airlines (ULCC) to Hold from Buy, citing an economic slowdown that will impact air travel demand.
Market Domination anchors Julie Hyman and Josh Lipton discuss Deutsche Bank analyst Michael Linenberg’s view that discount airlines like JetBlue and Frontier will suffer more than full-price carriers.
Analysts have largely moved to Hold ratings for JetBlue, with no remaining Buy recommendations.
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