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Stock impact report

Citi sees upside risks for JetBlue, highlights emerging strategic options [Yahoo! Finance]

JetBlue Airways Corporation (JBLU) 
Last jetblue airways corporation earnings: 1/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.jetblue.com/investor-relations
Company Research Source: Yahoo! Finance
could benefit from emerging strategic opportunities as the industry continues to consolidate. Citi analyst John Godyn wrote that “we see upside risks emerging at JBLU, particularly in the context of a consolidating industry and upgrade the stock.” The analyst added: “There are very few airlines left for which considering strategic optionality is even a possibility – it's a short list that JBLU is on.” Godyn believes the recent merger activity underscores shifting industry dynamics. He noted that “ALGT and SNCY have announced a merger, which has yet to close,” and highlighted that Spirit Airlines, which is in bankruptcy, “is analyzing all possibilities.” He also pointed to Spirit's merger history, saying, “ULCC, as a matter of history, attempted to merge with Spirit Airlines.” Citi believes the regulatory landscape may be more accommodating under the current U.S. administration. Godyn wrote that “the prior administration took a hard line on airline M&A as demonstrated by Spir Show less Read more
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