$JBLU

Midday movers included Intuitive Machines, up about 9% after saying it received an authorization to proceed for a $600 million multisatellite communications program. EyePoint Pharmaceuticals fell about 70% after its Phase 3 wet AMD treatment failed its primary goal. JetBlue dropped 6% after a Seaport Research downgrade. Onto Innovation rose on Goldman coverage. Workday fell after a Deutsche Bank downgrade. Memory chip stocks rose after comments on Apple buying Chinese chips.

Seaport Research Partners analyst Daniel McKenzie downgraded JetBlue Airways (JBLU) from Buy to Neutral, citing heightened balance-sheet risk as the Strait of Hormuz remains closed and US-Iran tensions keep jet fuel volatile. He estimated revenue upside from Spirit’s May shutdown at about $500 million and JetForward value at $300 million, but warned the war may not end soon. Shares fell 5.75% to $5.33.

JetBlue Airways (JBLU) shares fell 4.3% after Seaport Global Securities downgraded the stock from Buy to Neutral, citing a worse geopolitical backdrop and the Strait of Hormuz not reopening, which could pressure fuel-cost assumptions. Seaport noted JetBlue’s $9.4B debt and current ratio of 0.7. Other analysts remain bearish.

JetBlue Airways (JBLU) shares fell about 4.5% after Seaport Global Securities downgraded the stock to Neutral from Buy, citing higher geopolitical risk after the Iran ceasefire ended. The analyst kept earnings and free-cash-flow outlooks but lowered the valuation multiple due to increased balance-sheet risk tied to assumptions about the Strait of Hormuz.

House Energy and Commerce ranking member Frank Pallone sent inquiry letters to eight US airlines (American, Delta, United, Alaska, JetBlue, Southwest, Frontier, Hawaiian) asking by Aug. 25 how AI and consumer data affect individualized fares. The probe cites FTC surveillance pricing findings and follows JetBlue class actions alleging data-harvesting and algorithmic price targeting.

Reuters reports airlines are resuming flights after engine-related groundings, but maintenance and lease costs remain elevated. Air New Zealand said it may take 12 to 18 months to unwind extra leases. Reuters cites U.S. data showing engine labor, repairs and materials spending up about 68% (2019-2025) while hours flown rose ~10%.

TSA is rolling out CMAP, a biometric system that lets approved airline pilots and flight attendants bypass regular security, replacing KCM by end-2026. CMAP is live at about 50 airports and aims full coverage by year-end. Airlines pay DHS $19 per crew member annually starting Jan 1, 2027. American, Delta and United are enrolled; Frontier and JetBlue are not.

U.S. airline stocks fell Monday as oil prices rose nearly 2% on Iran tensions. Brent crude rose $1.40 (1.7%) to $84.95 and WTI rose $1.33 (1.7%) to $79.51, after Iran demanded U.S. conditions before reopening the Strait of Hormuz. JetBlue (JBLU) fell 5.5%, Delta (DAL) 1.7%, and others declined 2% to 4%.

A Wall Street analyst roundup cites multiple rating changes ahead of next week’s CPI and PPI. Baird cut Trade Desk (TTD) to Neutral, target $9 from $27. Citigroup downgraded JetBlue (JBLU) to Sell, target $5.30. Morgan Stanley started Baker Hughes (BKR) at Overweight, $70. Other calls include Etsy (ETSY) upgrade to $100 and Tower Semiconductor (TSEM) Buy at $367.

Citi downgraded JetBlue Airways (JBLU) to sell from neutral, citing downside risk to leisure travel and weaker leisure revenue per available seat mile into fall. Citi cut its price target to $5.30 from $6.60, implying about 14% downside from Thursday’s close. Citi expects macro conditions to pressure demand and says JetBlue’s RASM risk is elevated.