JetBlue Airways (JBLU) shares fell 7.57% to $5.97 as broader market volatility and rising fuel costs weighed heavily on the airline sector. The decline follows a general retreat in U.S. equity markets driven by geopolitical instability and weak retail sector guidance.

  • Oil prices surged past $66 per barrel following reports of potential military action involving the U.S. and Iran, signaling higher operating costs for carriers.
  • The stock's sharp reversal comes after a 6.43% gain on February 18, as macro headwinds triggered a risk-off sentiment among investors.
  • The broader market decline saw the Nasdaq drop 0.61%, further pressured by Walmart's weaker-than-expected full-year outlook.