JetBlue shares jump after activist Carl Icahn reports stake and calls shares undervalued
Publishing timestamp: 2024-02-13 10:46:29
Summary
Activist investor Carl Icahn has reported a nearly 10% stake in JetBlue Airways, stating that the airline stock is undervalued. JetBlue has been working to improve operations and cut costs after the impact of the COVID-19 pandemic and a blocked merger with Spirit Airlines. Icahn plans to continue discussions with the company about possible board representation. JetBlue's stock rose more than 11% following the news.
Sentiment: POSITIVE
Keywords: jetblue airways corp, business news, breaking news: markets, spirit airlines inc, breaking news: business, markets, transportation, stock markets, airlines,