Heidi Gutman | CNBC
Icahn amassed the stake in a collection of purchases in January and February, based on regulatory filings. He has had and plans to proceed discussions with the corporate “relating to the opportunity of board illustration,” the data stated.
JetBlue stated in a press release, “We’re all the time open to constructive dialogue with our traders as we proceed to execute our plan to reinforce worth for all of our shareholders and stakeholders.”
Representatives for Icahn weren’t instantly accessible to remark.
This isn’t Icahn’s first funding involving the airline trade. In one in all his extra notorious activist campaigns, the company raider took TWA personal in late Eighties, solely to see the airline battle and file for chapter.
JetBlue has been reducing prices and dealing to enhance operations in an effort to return to profitability after a post-Covid journey surge and a blocked merger with price range service Spirit Airways. A federal decide final month dominated in opposition to a mixture of the 2 airways, citing decreased competitors.
JetBlue had argued it wanted the tie-up to assist it compete in opposition to the most important American carriers. JetBlue and Spirit are interesting the decide’s ruling.
JetBlue’s new CEO, Joanna Geraghty, took the helm Monday, and the service has appointed a pair of airline veterans to get it again on observe.
— CNBC’s John Melloy and Leslie Josephs contributed to this report.
That is breaking information. Please verify again for updates.
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