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Faisal Humayun Khan

High Aircraft Fuel Costs Continue to Impact JetBlue’s Credit Health

JetBlue Carl Icahn JBLU JetBlue Airways

Back in February 2024, activist investor Carl Icahn had disclosed an almost 10% stake in JetBlue Airways (JBLU). Ichan had opined that JBLU shares were undervalued, and the investor also landed two of his representatives on the company’s board.

The investment has, however, failed to yield the desired returns. Thirty months down the line, Ichan has trimmed his stake in JetBlue to 3.3%. With this, Ichan’s stake is below the 5% threshold for SEC reporting requirements.

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