Law firm Scott+Scott initiated an investigation into JetBlue’s directors and officers regarding alleged breaches of fiduciary duties. The probe creates heightened legal and reputational risks that may cause investor uncertainty until resolved.
Zacks Research lowered its near-term earnings per share (EPS) estimates for the airline. However, the firm increased its medium and long-term projections, specifically for the third and fourth quarters of 2026.
These revised figures signal a potential long-term recovery narrative for the company. JetBlue stock traded higher following the news, overcoming the pressure from the investigation and immediate estimate reductions.