JetBlue (JBLU) and Southwest Airlines (LUV) edged lower on Friday after BofA Global Research downgraded both stocks to ‘Underperform’ from ‘Neutral’. According to TheFly, the BofA analyst said both airlines trade at the high end of historical valuation ranges despite less exposure to "the strongest industry trends.

Established in February 2000, JetBlue is a low-cost hybrid carrier based at New York JFK International Airport, with secondary hubs at Boston Logan, Fort Lauderdale-Hollywood, Orlando, and San Juan airports. JetBlue has an extensive network that serves destinations in the U.S., the Caribbean, as well as Central and South America.

JetBlue has released its new spring and summer schedule and it includes reviving its popular Reagan National flight to New York.

The New York-based carrier announced on Wednesday a major network expansion for the upcoming season. JetBlue will add a whopping 16 routes, including five all-new pins to its route map, as part of the expansion. You'll catch all of the details below, and all the new flights are already available for booking.

The foundering airline could have prevented chronic delays on dozens of flights in and out of Fort Lauderdale airport, the Biden administration said.

JetBlue will also launch five new routes out of Boston, including to Edinburgh, Madrid and Halifax, Nova Scotia. “We’re excited to build on our momentum, offering customers across the Northeast and beyond even more travel opportunities,” said Daniel Shurz, JetBlue’s head of revenue, network, and enterprise planning, in a Wednesday statement.

Spirit Airlines, which filed for bankruptcy protection in November and is the sole commercial carrier at Atlantic City International Airport, has cut another 200 jobs across multiple departments, the company said Thursday.

Airline stocks were mixed on Friday after Bank of America upgraded American Airlines Group Inc. and downgraded Southwest Airlines Co. and JetBlue Airways Corp., predicting that the network carriers will continue to outperform low-cost airlines due to demand for premium travel.

JetBlue (Nasdaq: JBLU) already connects Pittsburgh and Boston, and has served Florida cities from Pittsburgh as well in the past. And it's no stranger to the JFK-Pittsburgh route. It connected the two cities using Embraer 190 aircraft from June 2006 until February 2013.

In the midst of the Chapter 11 bankruptcy process, Spirit Airlines is cutting roughly 200 jobs to reduce costs.

The Transportation Department files a lawsuit against Southwest Airlines and fines Frontier Airlines for persistent flight delays, seeking maximum civil penalties