10 Firms Kick Off 2025 Trading in The Red

3. JetBlue Airways Corporation (NASDAQ:JBLU)

Shares of JetBlue Airways declined for a second day on Thursday, losing 4.83 percent or 0.38 points to end at $7.48 apiece as investors were in a wait-and-see mode for any developments on its rumored merger with a new airline.

Following its merger attempt with Spirit Airlines, rumors are spreading that Alaska Airlines, which recently merged with Hawaiian Airlines, is interested in acquiring JetBlue.

The company has long maintained that the only way for it to grow is to expand through mergers and acquisitions. It is looking to break into the top four and join American, United, Delta, and Southwest as the biggest domestic airlines.

If proven true, the company will still have to secure regulatory approval. Merger prospects, however, remained positive for the company especially with the incoming Trump administration being more amenable to airline mergers than previous administrations.