From The Stock Masters
JetBlue Airlines (JBLU) has been all over the news lately. Today marked day six of a continuing scheduling nightmare at Kennedy Airport that began after a Valentine’s day storm that left many travelers stuck on JetBlue planes for up to 12 hours. The good thing is there were no Snakes on the 
Plane, and they weren’t showing that movie, which despite all the hype, just looks awful and unbearable to watch. But back to JBLU, today they said they were canceling almost a quarter of their flights but hoped to be back to full operations tomorrow. Last week a major snowstorm stranded planes on runways for hours and started a string of cancellations that led to JetBlue’s travel festivus. So the Masters are thinking, what will be the impact to JBLU shares? The past 6 months, JetBlue has enjoyed a nice little 31% increase in share price and shares are trading around $13.50. Don’t expect shares to stay at that level with all the negative press. These past few days of massive cancellations and loyal JetBlue customers vowing to never fly with them again is going to push this stock down. JetBlue has built a loyal following with quirky flight attendants, leather seats, 36-channel personal television monitors, and its CEO making weekly trips. Just wait fellow Masters, the downgrades will begin later this week. JBLU has posted net losses for the last two years, though it did recover somewhat late last year, earning $17M for the final quarter. However with all this recent bad news, it’s probably best to avoid the stock and Snakes on Plane, watch Airplane! (1980) it’s the best airplane movie ever made.
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