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.

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.

Southwest Airlines (LUV) has had a rough few years. In 2022, the airline’s reputation took a major hit when it canceled over 16,900 flights during a bustling Christmas holiday, leaving over 2 million travelers stranded.

The Transportation Department is taking legal action against Southwest, alleging the airline illegally operated persistently delayed flights and disrupted passengers' travel plans.

As part of a regulatory crackdown on “chronically” late flights, federal transport regulators are suing the carrier after reaching deals with two others.

The U.S. Transportation Department has sued Southwest Airlines for violating rules about setting realistic flight schedules. The department said Southwest

A lawsuit filed against Southwest alleges the airline operated multiple “chronically delayed” flights affecting thousands of passengers.

President Joe Biden's administration on Wednesday sued Southwest Airlines , accusing the carrier of illegally operating multiple chronically delayed flights and disrupting passengers’ travel.

Shares of JetBlue Airways (JBLU) and Southwest Airlines (LUV) experienced a decline on Thursday after Bank of America (BofA) analysts issued a downgrade on both stocks, citing concerns over rising costs and weakening demand in the airline sector.

Commercial airlines had to divert or delay their flights to avoid debris from the SpaceX Starship spacecraft that exploded Thursday during a flight test.

The lawsuit alleges Southwest illegally operated chronically delayed flights and disrupted passengers' travel plans.