Wolfe downgrades JetBlue, says proposed acquisition of Spirit makes little sense for airline

Published Tue, Apr 12 20228:06 AM EDTUpdated Tue, Apr 12 202211:00 AM EDT

JetBlue Airways Corp. aircraft at Ronald Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Tuesday, May 25, 2021.

Stefani Reynolds | Bloomberg | Getty Images

JetBlue's big swing for a major acquisition could cause more problems than it fixes, according to Wolfe Research.

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