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JetBlue (JBLU -8.1%) falls off sharply in a move that is attributed in part to a tarnishing of...

JetBlue (JBLU -8.1%) falls off sharply in a move that is attributed in part to a tarnishing of its brand name by a pilot who grabbed headlines this week by having an in-flight meltdown.
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Comments (3)
  • markcc
    , contributor
    Comments (1067) | Send Message
     
    I wish you guys would do the basic research before attributing the drop to a story that has been in the news for days. If you read the SEC filing at http://bit.ly/HsKHnh you would know that Lufthansa is effectively selling their stake in JetBlue to raise cash. This brings 20 percent of the airline to market. Fundamentally, JetBlue is profitable and this drop was of a magnitude that it had to trigger stop loss orders.
    29 Mar 2012, 10:55 AM Reply Like
  • jamesmhiggins
    , contributor
    Comments (3) | Send Message
     
    JBLU is down because Lufthansa is selling its convertible preferred stake in the carrier. I've never known a time when something like the carrier's captain's behavior affected a stock.
    29 Mar 2012, 11:01 AM Reply Like
  • jamesmhiggins
    , contributor
    Comments (3) | Send Message
     
    JBLU is down because Lufthansa is selling its stake in the carrier. I've never seen an incidence where a stock fell because of something like the captain's behavior.
    29 Mar 2012, 11:10 AM Reply Like
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