On Tuesday, UBS resumed coverage on JetBlue Airways (NASDAQ:), issuing a Sell rating and establishing a price target of $5.00. The firm expressed concerns over the airline’s financial outlook, citing capacity constraints and high inflation as significant challenges. UBS believes these factors have set expectations for revenue per available seat mile (RASM) growth too high for JetBlue to realistically meet.
According to UBS, JetBlue is expected to face a tough year ahead with the…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
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