NEW YORK (TheStreet) -- JetBlue Airways (JBLU) shares closed trading down 0.54% to $14.82 on Wednesday, hurt in part by reports that airport workers at 10 major airports across the country will join in a December 4 work stoppage in solidarity with fast food and hospitality workers advocating for a $15 per hour wage.
Workers from 10 airports across the country sent a letter to the CEOs of six major airlines including JetBlue stating in part that, "As airport workers we have pledged to stand together with people who work in home care and fast food to fight for $15-an-hour wages, Like fast food workers and home health care aids in this fight, we face a struggle to survive while making poverty wages."
Fast food workers across the country are planning to walk out of there jobs tomorrow in an effort to pressure employers to raise their wages to at least $15 an hour, according to Bloomberg.
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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 some important positives, 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 attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins."