JetBlue has rallied recently. Why Deutsche Bank sees more gains ahead

Five major US airlines (American Airlines, Delta, Southwest, Alaska Air, JetBlue) and ATPCO face a federal lawsuit alleging they used a shared fare system to monitor and coordinate ticket prices, violating antitrust laws. The complaint claims this practice artificially inflated air travel costs. ATPCO, an airline-owned fare database, is central to the case. The lawsuit echoes a 1992 DOJ case that resulted in consent decrees, raising questions about the effectiveness of those measures.

JetBlue raised checked baggage fees to $50 (up from $39) to offset rising costs. Wendy's rejected a $1.4B buyout offer, citing undervaluation and a turnaround plan in place.

JetBlue Airways initiated a hostile all-cash takeover bid for Spirit Airlines, following the latter's rejection of a previous offer. The move comes as JetBlue seeks to expand its market presence.

JetBlue Airways made a $3.6 billion all-cash offer to acquire Spirit Airlines at $33 per share, which Spirit rejected citing antitrust concerns. JetBlue's shares fell following the surprise bid. Additionally, JetBlue launched its first London flight and a new route to Bogotá, Colombia.

Deutsche Bank upgraded Frontier Group (ULCC) and JetBlue (JBLU) to Buy from Hold, citing improved airline sector outlook, favorable supply conditions, and upcoming product launches. The bank expects these airlines to benefit from higher fares and potential geopolitical stability post-U.S. election.

Deutsche Bank upgraded JetBlue Airways to Buy from Hold, raising its price target to $5.50 from $3, implying a 54.5% upside from the Nov 4 close of $3.56. Recent analyst notes on the airline have price targets ranging from $3 to $4.50.