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 ...

NEW YORK--(BUSINESS WIRE)--As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has set February 23, 2024, as the record date for the February 2024 prepayment to Spirit stockholders of $0.10 per Spirit share (the “February 2024 Additional Prepayment”), with payment of the Februar ...

Carl Icahn revealed a near-10% stake in JetBlue worth about $200 million on Monday. The activist investor said the airline's stock is undervalued and he's seeking board representation. Icahn famously took control of TWA in the 1980s, but the airline ended up filing for bankruptcy. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're ...

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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 ...