ToplineHedge fund billionaire Carl Icahn reported a near 10% stake in JetBlue on Monday and said the airline’s stock was undervalued, according to a filing, rocketing the company’s stock up as high as 19% in after-hours trading—weeks after JetBlue’s plans to merge with rival Spirit Airlines were blocked by a federal judge.An Airbus A320 passenger aircraft of JetBlue airlines arrives from Tampa at JFK International ... [+] Airport in New York as the Manhattan skyline looms in the background on February 7, 20 ...

Shares of JetBlue Airways Corp. rose sharply after hours on Monday after billionaire activist investor Carl Icahn reported a 9.91% stake in the air carrier — saying its stock was “undervalued and represented an attractive investment opportunity.” That disclosure, made in a regulatory filing on Monday, said that Icahn plans to continue discussions with JetBlue’s management over possible board representation. JetBlue shares JBLU, +2.19% jumped 16.5% in after-hours trading on Monday. The stock is down 28.9 ...

Activist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue spiked more than 15% in extended trading. Icahn amassed the stake in a series of purchases in January and February, according to regulatory filings. He has had and plans to continue discussions with the company "regarding the possibility of board representation," the records said.JetBlue said in a statement, "We are always open to constructive dialogue with our in ...

Some pilots at Spirit Airlines are worried and scouring for other opportunities after a judge last month blocked the low-cost air carrier’s proposed merger with competitor JetBlue Airways, throwing its future into doubt.Spirit pilots, recruiters and industry sources told Reuters that the ruling has led to increased job applications at other places of employment. Spirit Chief Financial Officer Scott Haralson last week said the company was looking into “right sizing” its labor costs, adding to the uneasiness ...

In this articleJBLUA JetBlue Airways plane prepares to depart New York's LaGuardia Airport.Leslie Josephs/CNBCIn the 24 years since JetBlue Airways' first flight, the New York-based airline has pushed the envelope for a carrier of its size. Now, with some veteran executive hires and cost-cutting, it's trying to get back to basics.JetBlue was a pioneer in seat-back entertainment, free Wi-Fi, good snacks and a business-class cabin with lie-flat seats that debuted at lower prices than rivals'. More recently, i ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 000-49728 jetBlue JETBLUE AIRWAYS CORPORATION (Exact name of registrant as specified in its charter) Delaware 87-0617894 (State or ...

ToplineThe Federal Aviation Administration announced Thursday it’s investigating a collision between two JetBlue planes at Boston Logan International Airport, the latest in a series of incidents plaguing airlines across the nation.Two JetBlue planes collided at Boston Logan International Airport on Thursday morning. Copyright 2018 The Associated Press. All rights reserved. Key FactsOn Thursday morning, the “left winglet” of JetBlue Flight 777, an Airbus 321, struck the “right horizontal stabilizer” of JetBl ...

Spirit Airlines (NASDAQ:SAVE) made clear it still wants to merge with JetBlue (NASDAQ:JBLU) as it reported results this morning. The budget airline reported a loss of $148.7 million, $1.36 per share fully adjusted on revenue of $1.32 billion. The loss was smaller than expected. The company also reported a loss for the year of $448 million, $4.10 per share.SAVE stock opened today at $7.32 per share, a market capitalization of about $750 million.Can This Spirit Be Saved?Spirit CEO Ted Christie was optimistic ...

NEW YORK--(BUSINESS WIRE)--JetBlue (Nasdaq: JBLU) today announced the appointment of Marty St. George to be the company’s next president, effective February 26, 2024. He will report to Joanna Geraghty, JetBlue’s current president and incoming chief executive officer. Since 2020, St. George has served as chief commercial officer at LATAM Airlines Group, Latin America’s largest airline holding company, in Santiago, Chile. Prior to joining LATAM, he operated an airline strategy consulting practice, where he ...

FORT LAUDERDALE, FLORIDA - JANUARY 31: A JetBlue Airways plane takes off from 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 ImagesJetBlue (NASDAQ: JBLU) recently reported its Q4 results, with revenues and earnings above the consensus estimates. The compan ...