JetBlue Airways Corporation (JBLU): A Bear Case Theory

We came across a bearish thesis on JetBlue Airways Corporation on GHGInvest’s Substack by Anh Hoang. In this article, we will summarize the bears’ thesis on JBLU. JetBlue Airways Corporation's share was trading at $4.8700 as of January 30th. JBLU’s trailing and forward P/E were 13.78 and 56.18 respectively according to Yahoo Finance.

JetBlue’s late-December operational collapse was widely attributed to Winter Storm Devin, but that explanation materially understates the problem. Weather was merely the catalyst; the real issue was a structurally fragile operating system that...