JetBlue Airways Corp

JBLU has transitioned into a Stage 3 distribution regime, exhibiting lower highs, failed retests at the 9/21 EMAs and 50-DMA, and clustering distribution days under weakening relative strength. While the long-term trend remains up, the medium-term structure is bearish and short-term momentum is unfavorable for buys. The tradable side is bearish, favoring selling into rallies into the EMA and mid-term resistance zones.

• ↑Q2 2026 RASM growth expected 7–11% YoY reflects strong demand.
• ↑JetForward program to deliver $310M incremental EBIT in 2026.
• ↓Pratt & Whitney groundings hit operating margin by ~3pp in 2025.