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

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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