JetBlue is such a tease. Depending on the day or the media outlet, JetBlue is either very interested in flying to Europe or only kind of intrigued. We’d love to see the airline finally make a decision.
Mary Schlangenstein, ©2018 Bloomberg L.P.
The shares tumbled 26 percent this year through Oct. 19, the worst among U.S. carriers except for American Airlines Group Inc. The shares were little changed Monday at $16.54 at 2:17 p.m. in New York.
The initiatives outlined Oct. 2 will produce earnings of as much as $3 a share in 2020, the company said earlier this month. That compares with a $2.21 average estimate from analysts. But JetBlue has dropped 13 percent since the presentation, and Chief Executive Officer Robin Hayes acknowledged skepticism among analysts and shareholders.