JBLU is trading at $4.55, down 4.1% as investors reassess regulatory hurdles following a 13.4% surge driven by merger speculation.
- Enthusiasm for potential deals with United, Alaska, or Southwest is being tempered by antitrust concerns, especially in light of the failed Spirit Airlines acquisition earlier this year.
- Broader market weakness is also weighing on airline stocks, with the S&P 500 down 0.55% amid escalating Middle East tensions.