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This is because airline that have filed bankruptcy are allowed to restructure with reduced labor rates, restructured debt, and reduction of cost structure which makes them more competitive.
Although JetBlue hedges fuel costs, the instability of fuel prices can harm them. In October 2005, JetBlue announced that its quarterly profit had plunged from $8.1 million to $2.7 million largely due to rising fuel costs. In addition, the airline was struggling with their new aircraft.
As seen in mid-February of 2007, extreme weather conditions pose an extreme threat to JetBlue. If severe weather grounds any flights, JetBlue must refund money to those effected and the profits will suffer...
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