FORT LAUDERDALE, FLORIDA - JANUARY 31: JetBlue Airways planes sit on the tarmac at the Fort ... [+] Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. The company recently announced that it was considering implementing cost-cutting measures due to the forecasted decline in revenue and increase in costs. (Photo by Joe Raedle/Getty Images)Getty ImagesCarl Icahn’s acquisition of nearly 10% of jetBlue, revealed in a filing posted on Monday, has been good news for the air ...

A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida.Carl Icahn won his push for representation on JetBlue's board of directors, according to a statement from the airline Friday.The activist investor earlier this week revealed a nearly 10% stake in the airline.This is breaking news. Please check back for updates. ...

Activist investor Carl Icahn is close to a deal to get two JetBlue Airways board seats, the Wall Street Journal reported on Friday, days after he took a stake of about 10% in the airline.The billionaire and the airline are finalizing a settlement agreement that would allow them to avert a proxy fight. It could be announced in the coming days, the WSJ reported, citing people familiar with the matter.Icahn disclosed his JetBlue stake on Monday, saying in a filing he believed the shares were undervalued.Carl I ...

Just four days after Carl Icahn disclosed a 9.9% stake in JetBlue Airways Corp. and signaled his intention to have a say in the company’s future, the activist investor is said to be nearing a deal for board seats at the low-cost airline. The Wall Street Journal reported Friday that Icahn and JetBlue are in the late stages of a settlement agreement that would avert a proxy fight. The agreement could be announced in the coming days, the publication said, citing people familiar with the matter. ...

Billionaire investor George Soros’ investment fund has placed new bets on low-cost and ultra-low-cost U.S. airlines, going for fresh stakes in JetBlue Airways Corp., Spirit Airlines Inc. and Sun Country Airlines Holdings Inc., according to a filing late Wednesday. Soros’ fund, which had invested in JetBlue JBLU in the distant past, has bought more than 370 million shares of the low-cost airline, which recently appealed a court ruling blocking its merger with Spirit. Activist... Master your money. Subsc ...

While overall earnings for the final quarter of 2023 have been positive, not every company is celebrating. A number of well-known concerns missed the mark with their latest prints, plummeting their share prices. For many companies, disappointing results for the fourth quarter of last year continue a steady decline in their business. As some formerly strong Blue-Chip companies deliver subpar results, we’re learning about declining sales and a loss of market share. Additionally plaguing them are failed new pr ...

Shares of JetBlue Airways (JBLU) gained in double digits in after market trading on Feb 12. The upside followed a stake-related disclosure by activist investor Carl Icahn. Per a SEC filing, Icahn currently has a 9.91% stake in JetBlue.Justifying his decision to buy a stake in the low-cost carrier, Icahn said that he believed JBLU shares were undervalued and represented an “attractive investment opportunity". Icahn intends to continue discussing with management and board of directors regarding the possibilit ...

JetBlue Airways Corp.’s stock was the rare spot of green on stock screens Tuesday, getting a boost from a fresh investment by billionaire activist investor Carl Icahn. JetBlue JBLU, +15.90% shares were on track for their highest close since Aug. 2, when they closed at $6.90, and their largest one-day percentage increase since Dec. 7, when they rose more than 15%. Icahn disclosed a 9.9% stake in JetBlue in a filing late Monday, saying that the airline’s stock was “undervalued and represented an attractive in ...

Shares of JetBlue Airways jumped Tuesday after activist investor Carl Icahn bought a nearly 10% stake in the carrier.   The billionaire behind Icahn Enterprises owns 33.62 million shares, which is equivalent to a 9.91% stake, according to a filing with the Securities and Exchange Commission which also noted Icahn believes the shares are "undervalued and represented an attractive investment opportunity."Ticker Security Last Change Change % JBLU JETBLUE AIRWAYS CORP. 6.07 +0.13 +2.19% JetBlue's stock is on p ...

JetBlue shares soared nearly 12% Tuesday after reports surfaced that activist investor Carl Icahn scooped up a nearly 10% stake in the airline and said the stock is undervalued.The billionaire corporate raider amassed the stake in a series of purchases starting on Jan. 26, according to regulatory filings obtained by CNN — a week after a federal judge blocked JetBlue’s planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines.JetBlue and Spirit are appealing the decision, which would have c ...