JETS has pulled back ~13% from its all-time high of $34.66 to $30.10, creating a compelling re-entry point as the structural bull thesis — collapsing jet fuel costs (~42% decline from April peaks to ~$2.90/gallon), record fare pricing (+18% YoY), and structural capacity constraints from Spirit Airlines' collapse — remains fully intact. The current weakness appears to be post-earnings profit-taking and macro noise rather than any fundamental deterioration, making this an attractive contrarian entry at a level near prior breakout support. With Q2 earnings confirming the margin expansion story and no overhead supply below the all-time high once reclaimed, the risk/reward favors a long position at current prices.