Plummeting oil prices in the last week have helped the airline stocks to recover following major declines in the last month stemming from the Ebola outbreak. The quelling of the fear of the further spread of Ebola has also provided a boost to the sector.
More than 9.2 million shares had changed hands as of 3:03 p.m., compared to the average volume of 8,513,130.
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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 several positive factors, 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, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."