JetBlue Airways could take off. With the 2022 holiday season here, and 55 million Americans expected to travel, airlines are already seeing bigger numbers than prior to the pandemic. In fact, according to AAA, about 4.5 million people are expected to travel by air. And unless they plan on flapping their arms to take flight, that’s great news for airline stocks, like JBLU. Also, airlines have a good history of running higher around the holidays.
In addition, in late October, the CEO said he was seeing a “very healthy” revenue environment. The airline also said it wasn’t seeing any signs of slowing demand either. From a current price of $7.80, we’d like to see JBLU test $9.25 resistance, near-term.