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Why Is JetBlue (JBLU) Up 20.9% Since Last Earnings Report?
Zacks Investment Research· 2024-02-29 17:36
It has been about a month since the last earnings report for JetBlue Airways (JBLU) . Shares have added about 20.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is JetBlue due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Narrower-Than-Expected Q4 Loss at JetBlueJBL ...
JetBlue customers outraged as airline quietly hikes checked-baggage fees: ‘Inflation and greed rising'
New York Post· 2024-02-21 16:08
JetBlue has quietly hiked the price of checking a bags — sparking outrage on social media from passengers who branded the move a greedy cash grab.The New York-based airline is now charging travelers $45 for their first stardard-size bag checked within 24 hours of departure — and $60 for a second bag.JetBlue is offering a $10 discount for passengers who are ahead of the game: The first checked bag paid for at least a day before departure is $35, while the second is $50. 4 JetBlue raised the price of checki ...
JetBlue to Webcast Chat at Citi Conference
Businesswire· 2024-02-20 16:46
NEW YORK--(BUSINESS WIRE)--JetBlue Airways Corporation (Nasdaq: JBLU) will participate in a fireside chat at the Citi Industrial Tech and Mobility Conference on February 22nd at approximately 1:00 p.m. ET. A live, listen-only webcast of the call will be available on JetBlue's investor relations website at the following web address: http://investor.jetblue.com For those unable to listen to the live webcast, it will also be archived on JetBlue's investor relations website under 'Archived Events & Presentati ...
This investor bought a load of cheap JetBlue stock
MarketBeat· 2024-02-20 12:01
Key PointsJetBlue called the attention of activist investor Carl Icahn; here are some reasons why that was the case.JetBlue is the stock with the highest potential EPS growth, as the airline industry could soon see an expansion bump.Despite this promise, analysts think it is already priced in and instead gives the most upside to this other stock.5 stocks we like better than CME GroupThere aren't a lot of chances in the market quite like this one when a sophisticated investor like Carl Icahn, with his track ...
Carl Icahn gets two seats on JetBlue's board. Here's how he may help build value
CNBC· 2024-02-17 13:49
Activist Commentary: Carl Icahn is the grandfather of shareholder activism and a true pioneer of the strategy. He is very passionate about shareholder rights and good corporate governance and will go to extreme lengths to fight incompetent boards and over compensated managers. While Carl Icahn is not slowing down at all, in October 2020, he reached an agreement with his son Brett Icahn to rejoin the firm as the eventual successor. Brett has said that he plans to employ his father's favored approach of pushi ...
Carl Icahn Gains Two JetBlue Board Seats In Long Shadows Of TWA
Forbes· 2024-02-17 10:30
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 ...
Carl Icahn wins seats on JetBlue board after taking stake in airline
CNBC· 2024-02-16 22:10
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. ...
Billionaire Carl Icahn nears deal for 2 JetBlue board seats, days after taking 10% stake: report
New York Post· 2024-02-16 21:46
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 ...
Carl Icahn said to be near deal for JetBlue board seats, days after disclosing stake in airline
Market Watch· 2024-02-16 21:32
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. ...
George Soros' fund bets on U.S. leisure travel, with fresh stakes in JetBlue, Spirit, Sun Country
Market Watch· 2024-02-14 23:10
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 ...