TL;DR CNBC

Carl Icahn wins seats on JetBlue board after taking stake in airline

Publishing timestamp: 2024-02-16 22:05:37

Summary

Carl Icahn wins two seats on JetBlue Airways board after disclosing nearly 10% stake. JetBlue has been losing money and new CEO promises to cut costs and restore reliability. Shares of JetBlue up 4% in after-hours trading. Icahn believes shares are undervalued. JetBlue hasn't posted profit since before Covid-19 pandemic and is appealing a blocked merger with Spirit Airlines.

Sentiment: MIXED

Tickers: IEP,  JBLU,  SAVE, 

Keywords: carl icahn,  jetblue airways corp,  business,  icahn enterprises lp,  transportation,  business news,  spirit airlines inc,  airlines,  breaking news: business, 

Source: https://www.cnbc.com/2024/02/16/carl-icahn-wins-seats-on-jetblue-board-after-taking-stake-in-airline.html