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Updated · MarketWatch · May 6JetBlue stock rises 4.13% but trails airline rivals
5 articles · Updated · MarketWatch · May 6
- Shares closed at $5.04 on Wednesday, marking a second straight gain as the Nasdaq rose 2.02% and the Dow added 1.24%.
- JetBlue lagged Southwest's 4.51% rise, Delta's 3.50% gain and United's 6.80% jump during the broader market rally.
- The stock remains 22.46% below its 52-week high of $6.50 reached on 6 February, while trading volume of 26.2 million stayed below its 50-day average.
Is JetBlue's bold expansion a masterstroke for survival or a final, desperate gamble? Did blocking the JetBlue-Spirit merger ultimately harm the very consumers it was meant to protect? With a major budget airline gone and fuel costs surging, is cheap air travel a thing of the past?