Wednesday, October 22, 2025
INBV News
Submit Video
  • Login
  • Register
  • Home
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Politics
  • Sports
  • Technology
  • Travel
  • Weather
  • World News
  • Videos
  • More
    • Podcasts
    • Reels
    • Live Video Stream
No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Politics
  • Sports
  • Technology
  • Travel
  • Weather
  • World News
  • Videos
  • More
    • Podcasts
    • Reels
    • Live Video Stream
No Result
View All Result
INBV News
No Result
View All Result
Home Business

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

INBV News by INBV News
February 16, 2024
in Business
382 16
0
Carl Icahn wins seats on JetBlue board after taking stake in airline
548
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

3 people dead in Toronto office shooting near daycare | Canada Tonight

Citigroup, JPMorgan Chase, Goldman Sachs hit by regulators

A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida.

Joe Raedle | Getty Images

Carl Icahn won his push for seats on JetBlue Airways’ board of directors, in keeping with a press release from the airline Friday, days after disclosing an almost 10% stake within the Recent York-based airline and that he was in talks for board representation there.

The 2 latest directors are Jesse Lynn, general counsel of Icahn Enterprises, and Steven Miller, a portfolio manager of Icahn Capital.

Shares of JetBlue were up about 4% in after-hours trading following the announcement.

The JetBlue investment is not Icahn’s first investment within the airline industry. In one in all his more infamous activist campaigns, the company raider took TWA private within the late Nineteen Eighties, and the airline struggled and filed for bankruptcy.

Icahn said in disclosing his JetBlue stake that he believes the shares are undervalued. JetBlue’s stock is down greater than 19% during the last 12 months as of Friday’s close. The NYSE Arca Airline Index, which tracks the broader sector, is up about 7% over the identical period.

JetBlue’s latest CEO, Joanna Geraghty, took the helm Monday, and the carrier has appointed a pair of airline veterans to get it back on target.

“Constructing on our distinct brand and unique value proposition, we’re focused on delivering value to our shareholders and all of our stakeholders, and we welcome the contributions of our latest board members as we move forward with that common goal,” Geraghty said in a press release on Friday.

JetBlue hasn’t posted a profit since before the pandemic and has been cutting costs, attempting to turn into more reliable after a post-Covid travel surge and a blocked merger with budget carrier Spirit Airlines. A federal judge last month ruled against a mix of the 2 airlines, citing reduced competition.

JetBlue had argued it needed the tie-up to assist it compete against the most important American carriers. JetBlue and Spirit are appealing the judge’s ruling.

1

Do Most business make enough to live off of?

Tags: airlineBoardCarlIcahnjetblueseatsstakewins
Share219Tweet137
INBV News

INBV News

Related Posts

edit post
3 people dead in Toronto office shooting near daycare | Canada Tonight

3 people dead in Toronto office shooting near daycare | Canada Tonight

by INBV News
June 30, 2024
0

Three adults are dead after a shooting contained in the lobby of a North York business office in Toronto. The...

edit post
Citigroup, JPMorgan Chase, Goldman Sachs hit by regulators

Citigroup, JPMorgan Chase, Goldman Sachs hit by regulators

by INBV News
June 21, 2024
0

Jane Fraser, CEO of Citigroup, testifies through the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of...

edit post
American Airlines flight attendants move closer to strike, fail to achieve deal on recent contract with airline

American Airlines flight attendants move closer to strike, fail to achieve deal on recent contract with airline

by INBV News
June 21, 2024
0

A union representing flight attendants for American Airlines Group said on Thursday that the newest round of talks with the carrier...

edit post
SpaceX unveils ‘Starlink Mini’ satellite web antenna for $599

SpaceX unveils ‘Starlink Mini’ satellite web antenna for $599

by INBV News
June 21, 2024
0

Starlink Mini promotional image.SpaceX customer email sent June 19, 2024.SpaceX is rolling out a compact version of its Starlink antennas,...

edit post
MacKenzie Scott gave $2M to group with ties to pro-Palestinian organization

MacKenzie Scott gave $2M to group with ties to pro-Palestinian organization

by INBV News
June 20, 2024
0

MacKenzie Scott donated $2 million to an activist group that reportedly has links to a Philadelphia-based organization that staged a...

Next Post
edit post
Tech and AI firms sign accord to combat election-related deepfakes

Tech and AI firms sign accord to combat election-related deepfakes

edit post
Paige Bueckers will return next season for UConn

Paige Bueckers will return next season for UConn

CATEGORIES

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Podcast
  • Politics
  • Sports
  • Technology
  • Travel
  • Videos
  • Weather
  • World News

CATEGORY

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Podcast
  • Politics
  • Sports
  • Technology
  • Travel
  • Videos
  • Weather
  • World News

SITE LINKS

  • About us
  • Contact us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA

[mailpoet_form id=”1″]

  • About us
  • Contact us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA

© 2022. All Right Reserved By Inbvnews.com

No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Politics
  • Sports
  • Technology
  • Travel
  • Weather
  • World News
  • Videos
  • More
    • Podcasts
    • Reels
    • Live Video Stream

© 2022. All Right Reserved By Inbvnews.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist