We recently published a list of 10 Firms Stand Strong Amid Market Decline. In this article, we are going to take a look at where JetBlue Airways Corporation (NASDAQ:JBLU) stands against other firms stand strong amid market decline.
The US stock market finished the day on a sour note anew amid the lack of fresh catalysts to spice up trading while investors repositioned their portfolios ahead of 2025.
On Monday, the Dow shed 0.97 percent or 418 points, while the S&P’s broad index decreased 0.95 percent or 56.48 points. Nasdaq Composite registered the biggest decline, down 1.19 percent or 235.24 points.
Despite losses, 10 companies managed to eke out gains, with those in the energy sector posting notable performance. Let’s explore why.
To come up with Monday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
A commercial jetliner at an airport gate with passengers waiting in the background.
JetBlue Airways Corporation (NASDAQ:JBLU)
Shares of JetBlue Airways Corporation (NASDAQ:JBLU) on Monday rose by 2.69 percent to finish the day at $8.01 apiece, as investors welcomed news that it was planning to grow its Airbus A220 network in 2025.
According to JetBlue, it will increase its A220 fleet by 40 as it looks to replace the Embraer E190s. The move is expected to deliver a 25 percent improvement in fuel efficiency, 40 percent higher passenger capacity, and lower maintenance costs for the company.
Beginning April 30, 2025, routes from Fort Lauderdale in Florida will benefit from the fleet purchase, with additional flights to Bradley/Hartford, Charleston, South Carolina; Cancun, Mexico; Washington Reagan National; Nassau; Worcester, Massachusetts; and Raleigh, North Carolina.
Overall, JBLU ranks 10th on our list of firms stand strong amid market decline. While we acknowledge the potential of JBLU as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JBLU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.