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Carl Icahn reports near 10% stake in Jetblue

Published 02/12/2024, 05:54 PM
Updated 02/12/2024, 06:01 PM
© Reuters. A Jet Blue plane comes in for a landing at LaGuardia airport in New York, August 29, 2012. REUTERS/Lucas Jackson/File Photo
JBLU
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(Reuters) -Activist investor Carl Icahn on Monday reported a 9.91% stake in Jetblue Airways Corp, according to a filing.

Shares of JetBlue were up about 17% in extended trading.

© Reuters. A Jet Blue plane comes in for a landing at LaGuardia airport in New York, August 29, 2012. REUTERS/Lucas Jackson/File Photo

Icahn acquired the shares in the belief that they were undervalued and represented an attractive investment opportunity, the filing said.

The activist investor intends to have discussions with members of the management and board of directors regarding the possibility of board representation.

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