Category: Markets
Published: 2026-08-17T16:49:40.000Z
A Seaport Research Partners analyst downgraded JetBlue Airways (JBLU) from Buy to Neutral, citing increased geopolitical risks and balance sheet concerns due to ongoing US-Iran conflict and volatile jet fuel prices. The analyst, Daniel McKenzie, warned that JetBlue's elevated debt levels make it disproportionately vulnerable to rising oil prices, potentially leading to its shares becoming "worthless" if it incurs more debt to cover losses. The stock declined by 5.75% following the downgrade.
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