Citi has downgraded JetBlue Airways to sell from hold, citing persistent headwinds facing the leisure travel sector.
The Wall Street bank's decision reflects a broader shift in sentiment toward US carriers as consumer spending shows signs of strain.
The downgrade underscores mounting challenges for the airline, which relies heavily on discretionary travel demand.
Citi's analysts pointed to a deteriorating outlook for leisure bookings, suggesting that the carrier may face continued pressure on load factors and yields in the near term.
This move aligns with a wider trend of analyst caution across sectors exposed to consumer spending.
In recent weeks, JPMorgan downgraded ASUR, the operator of Mexico’s Cancún International Airport, citing a decline in traffic, while Morgan Stanley cut Adobe to underweight over concerns regarding artificial intelligence-related headwinds.