How Will An Oil Price Recovery Impact JetBlue's Stock Price?

Over the last year, the stocks of all major US airlines have reached new highs due to the sharp decline in global crude oil prices. Since jet fuel costs constitute nearly one-third of an airline's total operating expenses, the 50% drop in oil prices has accelerated the earnings of a majority of the airlines. One of the top gainers from this fall was JetBlue Airways. The airline's net income more than doubled in 2014 and its stock rose by approximately 80% in the last eleven months. Our current p...