Why JetBlue Airways (JBLU) Stock Is Down This Afternoon

NEW YORK (TheStreet) -- Shares of JetBlue Airways Corp. (JBLU) are lower by -2.45% to $10.71 on Wednesday afternoon as airline stocks are negatively affected by Delta Airlines'  (DAL) report that June passenger revenue per available seat mile grew 4%, but did not meet the company's previous guidance of a 5% to 7% growth.

Delta said its June PRASM data was the result of lower than expected international yields, and lower business demand to Latin America due to the World Cup.

Other airline stocks falling today include Spirit Airlines Inc. (SAVE) down by -1.33% to $63.92, United Continental (UAL) lower by -6.01% to $39.72, and American Airlines Group (AAL) down -4.08% to $42.07.

Must Read: Warren Buffett's 25 Favorite Stocks


Separately, TheStreet Ratings team rates JETBLUE AIRWAYS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate JETBLUE AIRWAYS CORP (JBLU) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

If you liked this article you might like

Here Are the Best Elite Airline Status Programs

Southwest Airlines Won't Be Clipped By the Vicious Fare War

Attorneys General Investigate Thousands of Hurricane Price-Gouging Claims

American, Spirit and United Get Downgrades as Ticket Pricing War Rages

JetBlue Offers $99 Tickets to Florida for Hurricane Irma Evacuees