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 ...

Activist investor Carl Icahn has amassed a 9.91% stake in JetBlue Airways (JBLU 12.69%), and other investors are joining him onboard. Shares of JetBlue opened up 17.2% on Tuesday and were up about 11% as of 10 a.m. ET after the stake was disclosed.A new face in the cockpitJetBlue has been flying through headwinds of late. In 2022, the airline won a bidding war for Spirit Airlines (SAVE -7.44%), but that deal was blocked due to antitrust concerns earlier this year. The airlines are appealing, but in the mean ...

Investor Carl Icahn has taken a stake of nearly 10% in JetBlue (NASDAQ:JBLU).Icahn, who runs Icahn Enterprises (NASDAQ:IEP), said the budget airline is undervalued. He will seek a board seat in discussions with directors. The airline has been cutting operating costs following its failed effort to merge with Spirit Airlines (NASDAQ:SAVE).In response, JBLU stock rose 2% on Feb. 12 and another 14% overnight, adding over $300 million to its market capitalization. The stock opened this morning at $6.82 per share ...

Discount airline JetBlue Airways Corporation (NASDAQ:JBLU) is 17% higher premarket, after activist investor Carl Icahn disclosed a 9.91% stake in the company. Icahn called JetBlue Airways an undervalued and "attractive" stock to invest in, also disclosing discussions with the company's leadership about representation on the board. Should this positive premarket action keep up, JetBlue Airways stock will open at its highest level since a late-August bear gap of 8.1%. The shares would also be clearing their 2 ...