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Tuesday, October 2, 2018

Investor Blahs for JetBlue + Hot Tourism Marketing Trends + Luxe Brands Hit Campus

October 3, 2018

Editor's Note

JetBlue held its annual investor day Tuesday. It was a chance for the sixth largest U.S. carrier to re-energize Wall Street about its prospects. After all, JetBlue shares have been down 29 percent over the past three years. That's a serious ho-hum response from investors.

But JetBlue failed to inspire, with its shares closing essentially flat at the end of trading on Tuesday, to $18.93. Its message is clearly befuddling analysts. We don't need massive scale. We don't need to dominate market share in our cities. The airline insists that a laser focus on three U.S. markets — New York, Boston, and South Florida through Ft. Lauderdale — will see payoff. But JetBlue has a history of asking Wall Street to just trust it. Senior Aviation Business Editor Brian Sumers has the highlights below from the investor day presentations, but we all know that when it comes to Wall Street, trust and patience eventually run out.

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