Activist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways, calling the airline stock undervalued.
Icahn has had plans to continue discussions with the company about possible board representation, the filing said.
JetBlue has been cutting costs and working to improve operations to return to profitability after a post-Covid travel surge and a blocked merger with budget carrier Spirit Airlines.
Icahn owns 9.91% or 33,621,735 million shares of JBLU. A [13D filling](https://www.sec.gov/Archives/edgar/data/921669/000153949724000264/n2779_x199-sc13d.htm) shows half of the shares or 15,894,706 are forward contracts that expire in February 1, 2027.
[https://www.cnbc.com/2024/02/12/activist-investor-carl-icahn-reports-nearly-10percent-stake-in-jetblue-airways-says-stock-is-undervalued.html](https://www.cnbc.com/2024/02/12/activist-investor-carl-icahn-reports-nearly-10percent-stake-in-jetblue-airways-says-stock-is-undervalued.html)
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