If JBLU wasn't bought out when the shares were in the low single digits, it's highly unlikely at the current price. There's a shortage of airline seat capacity now, so why would the government allow a takeover? Airlines are already making exorbitant profits without any more consolidation than we've seen in the past few years. Mergers made sense when they were going bankrupt, but not now.
On another subject, this just out in the WSJ: "The last high-profile U.S. incident stemming from a pilot's troubled mental state occurred in March 2012, when a JetBlue Airways Corp. flight was diverted after the captain was locked out of the cockpit due to his erratic behavior. An off-duty JetBlue pilot who was on the flight teamed up with the co-pilot to land the jet in Amarillo, Texas, where the captain was taken to a medical facility."
Great! Another buying opportunity for those who missed the boat. JBLU headed for the mid-20's this year (as long as oil doesn't soar due to geopolitical events.)
As far as I know, Soros doesn't buy whole companies the way Warren Buffett does. I'm a little surprised that JBLU has held up well in the aftermath of the Germanwings tragedy, the the news media has been good about repeatedly saying that low cost airlines are no less safe than the biggies. (BTW, one of the theories for the cause of the crash is that something, perhaps a camera, might have jammed the side-stick controller thereby preventing the crew from pulling back to raise the nose.) I've flown planes with "joysticks", and I can see how it might be possible. That's one of the reasons most airlines prohibit crews from bringing cameras into the flight deck. It's also one reason why Boeing jockeys don't like flying the Airbus. Germanwings planes get the same treatment as Lufthansa planes by the same mechanics. The FAA safety record of JBLU has been exemplary, unlike that of LUV which has had numerous violations and a non-fatal crash at LGA recently. IMO, JBLU could easily visit the mid-20s if the price of oil remains around the present level. However, I expect oil to gradually work its way higher later this year or early next.
Why would I cover? I buy and sell... if you're buying and holding, you'll lose your time and most importantly, your money..
Sentiment: Strong Sell
2015 is the year for Jet Blue. Well managed and run airline. Even George Soros like this company. I would not be surprised the big boy steps up to make an offer to buy Jet Blue this year.
Sentiment: Strong Buy
CRT Capital issued a note on JetBlue Airways Corporation (NASDAQ: JBLU) as the airline attempts to narrow the margin gap with its competitors. CRT Capital rates JetBlue as a Buy and raised its price target from $22 to $24