JPMorgan warns airline investors to brace for a turbulent earnings season

Shaun Best/Reuters

Southwest has already lowered its guidance in the face of the 737 Max crisis, and others could do the same.international crisis surrounding the world's largest plane-maker, "Frankly, we doubt this serves as the first such exercise investors will witness in this regard as we head into the customary pre-earnings housekeeping cycle."737 Max jets in March, will kick off the earnings season on Tuesday when it reports first-quarter results. Last week, the Georgia-based carrier raised its profit guidance for the quarter.

The ascending and descending of plane stocks...

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