Icahn Takes Stake in JetBlue, Stock Jumps 11%; JetBlue Deal Blocked, Needs New Growth Plan
- Carl Icahn takes nearly 10% stake in JetBlue, believing stock undervalued
- Icahn has talked with JetBlue about possible board representation
- JetBlue stock up over 11% on news of Icahn's investment
- Federal judge blocks JetBlue's planned $3.8B acquisition of Spirit Airlines
- JetBlue lost over $2 billion since 2020 and now must find new growth plan