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.

Airlines have a legal obligation to ensure that their flight schedules provide travelers with realistic departure and arrival times," Transportation Secretary Pete Buttigieg said in a statement.

Less than two weeks after Winter Storm Cora grounded flights throughout the Gulf Coast, Winter Storm Enzo has caused hundreds of flight cancellations and even more delays.

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.

The Department of Transportation is suing Southwest Airlines, accusing it of operating two “chronically delayed flights” in 2022 that resulted in 180 flight disruptions.

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.

The DOT filed a lawsuit against Southwest Airlines, citing a pattern of chronic delays, as the government pushes for stricter accountability.

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

Southwest Airlines was sued in federal court by the Department of Transportation, while Frontier was hit with a $650,000 fine.

Flyers seeking to avoid crowded airport terminals, but without having to pay to charter an entire jet, could be subjected to more scrutiny from new TSA rules.

WSJ’s ranking is also in line with the most recent North America Airline Passenger Satisfaction Study that J.D. Power released in May. That list named Delta the top airline for customer satisfaction, while Southwest scored the top spot in the economy segment.