JetBlue Surges 14% as Oil Prices Slide; American Airlines and Delta Gain 7%
JetBlue Airways shares rose 14% to $3.63 during the afternoon session as airline stocks continued to rally amid another sharp drop in oil prices. The excerpt says JetBlue, described as having the thinnest buffer against fuel costs, led the gains.
Why it matters — JBLU watchers may note the share rally and the link the report draws between falling oil prices and airline stocks.