Company Of The Day: JetBlue

-17.18%
Downside
8.73
Market
7.23
Trefis
JBLU: JetBlue Airways logo
JBLU
JetBlue Airways

What?

JetBlue Airways (NYSE:JBLU) intends to launch a hostile takeover attempt for Spirit Airlines, a budget carrier, per a report from The Wall Street Journal. The move comes after Spirit rejected a $3.6 billion offer from JetBlue.

Why?

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JetBlue is looking to deal directly with Spirit’s shareholders via a tender offer, likely hoping that it could put pressure on Spirit’s management to come back to the negotiating table.

So What?

JetBlue stock declined almost 6% in Monday’s trading.

See Our Complete Analysis For JetBlue

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Returns May 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 JBLU Return -14% -34% -58%
 S&P 500 Return -3% -16% 79%
 Trefis Multi-Strategy Portfolio -6% -22% 208%

[1] Month-to-date and year-to-date as of 5/17/2022
[2] Cumulative total returns since the end of 2016

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