Lufthansa: No Savior for JetBlue
In the wake of Lufthansa's $300 million investment in JetBlue, it's worth looking at how JetBlue CEO David Barger is doing after just over six months on the job. If you recall, he replaced founder David Neeleman in May, mainly because Neeleman had presided over a severe decline in JetBlue's share price. But since then, JBLU shares have only fallen further: the switch of CEO seems to have made no difference at all. And even yesterday's spike upwards on the Lufthansa news barely registers as a blip on the longer-term chart with its seemingly inexorable downward trend.
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