Tuesday is a big day for JetBlue Airways. The low-cost carrier not only reports third-quarter earnings but is due in court.
Any boost, though, may be more likely to eventually come from the trial than from its earnings, though it’s hard to be too optimistic about either. In a separate case, JetBlue was ordered to end its alliance with American Airlines in the Northeast. The company opted not to appeal the decision, essentially in a bid to save the Spirit merger. The alliance formed a key part of the government’s complaint about the proposed Spirit deal.
“We look forward to presenting our case in court as we strongly believe our combination with Spirit is the best opportunity to disrupt the industry by increasing competition and choice, creating a long overdue national low-fare challengers to the dominant Big Four airlines,” a JetBlue spokesperson said in an email.
J.P. Morgan analyst Jamie Baker has an Underweight rating on JetBlue stock but said sooner-than-expected clarity on the acquisition was an upside risk.
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