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 stock fell Thursday after the Department of Transportation sued the airline over a pair of "chronically delayed flights."

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

The US Department of Transportation (USDOT) is suing Southwest Airlines for “illegally operating multiple chronically delayed flights and disrupting passengers’ travel,” according to a press release.

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.

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

As previously reported, BofA downgraded Southwest (LUV) to Underperform from Neutral with a price target of $31, down from $33. Given less

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