Is Carl Icahn going to tear Jet Blue apart?
#1
Gets Weekends Off
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Joined APC: Sep 2015
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Is Carl Icahn going to tear Jet Blue apart?
#2
wasn’t he banned from being a majority stock holder from what he did with TWA ?
#3
Gets Weekends Off
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Joined APC: Sep 2015
Posts: 105
You're thinking of Frank Lorenzo.
I'm wondering if the Billionaire Boys club got together to give JetBlue a little payback, Karl Icahn style. He made 75 million in one day on a 200 million investment.
#4
#6
He pulled apart the profitable pieces (like JFK-LHR), sold them to his own company and then seats back to TWA in a complicated arrangement. As TWA sold more and more seats on the planes flying that route, they lost more and more money to his company. The least amount of total losses would have been to fly the planes empty. Yes, that screwy.
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