UBS upgrades JetBlue to Neutral but cuts price target amid losses and rising costs

UBS upgraded JetBlue Airways from Sell to Neutral, lowering its price target from $4.00 to $3.50 despite the airline's recent share price decline to a 52-week low. JetBlue reported a $141 million operating loss and a $247 million net loss in Q2, driven by a 20.8% rise in operating expenses despite a 14.5% revenue increase. Other analysts remain cautious, citing fuel costs and balance sheet concerns. JetBlue aims to achieve $850-$950 million in annual incremental EBIT benefits by 2027 but faces risks from elevated costs.

JetBlue Airways has a market cap of $1.10 billion and an enterprise value of $8.47 billion as of Oct 19, 2026 21:03 WIB. On Pluang, its stock price stands at USD 2.98, up 1.88% for the day, with a high trading volume of 35,777,981 shares and a typical hold time of 44 days. This trading activity provides context to UBS's recent upgrade and price target adjustment.