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-   -   Jetblue 2024 what’s going on (https://www.airlinepilotforums.com/jetblue/146984-jetblue-2024-whatis-going.html)

MTAGA 04-23-2024 06:11 PM


Originally Posted by CatPilot1 (Post 3795786)
https://www.airliners.net/forum/sear...14113&sr=posts

Read the JB pertenant posts. This poster knew/knows more than the Wall Street analyst.

read all of the jetblue pertinent posts on that website ? No thanks, be more specific

dontsurf 05-15-2024 02:31 PM

so now i have to take my jacket with me year round and check the weather every day everywhere i go? i'm struggling to see how this is an improvement. i hate wearing the jacket pretty much ever, but this isn't making anything any better as far as i can see, unless all you do is fly to the tropics all the time.

Flyby1206 05-15-2024 02:50 PM


Originally Posted by dontsurf (Post 3802734)
so now i have to take my jacket with me year round and check the weather every day everywhere i go? i'm struggling to see how this is an improvement. i hate wearing the jacket pretty much ever, but this isn't making anything any better as far as i can see, unless all you do is fly to the tropics all the time.

Agree, I plan on just packing the sweater in my roller and I’ll put it on when someone says something to me.

Flyby1206 05-15-2024 02:52 PM

In other news, Icahn cut his stake in JBLU to ~5% ownership now (17.7m shares)

https://www.sec.gov/Archives/edgar/d.../infotable.xml

avi8orco 05-15-2024 03:01 PM


Originally Posted by Flyby1206 (Post 3802742)
In other news, Icahn cut his stake in JBLU to ~5% ownership now (17.7m shares)

https://www.sec.gov/Archives/edgar/d.../infotable.xml

He got a look at how big the dumpster fire that is this place really is.

Tornado875 05-15-2024 03:16 PM


Originally Posted by Flyby1206 (Post 3802742)
In other news, Icahn cut his stake in JBLU to ~5% ownership now (17.7m shares)

https://www.sec.gov/Archives/edgar/d.../infotable.xml

Well that's good news. Though the doomers on here will find a way to spin it as him buying shares is bad but also him selling shares is bad.
​​

Boomer 05-15-2024 06:19 PM


Originally Posted by Tornado875 (Post 3802753)
Well that's good news. Though the doomers on here will find a way to spin it as him buying shares is bad but also him selling shares is bad.
​​

I guess it means he doesn't think the airline is worth buying and parting out.

It also means he doesn't see the intact airline being worth anything in the future.

Flyby1206 05-15-2024 06:25 PM


Originally Posted by Tornado875 (Post 3802753)
Well that's good news. Though the doomers on here will find a way to spin it as him buying shares is bad but also him selling shares is bad.
​​

And he loses 1 board seat:

https://d18rn0p25nwr6d.cloudfront.ne...6bc5b06e72.pdf


​​​​If at any time the Icahn Group ceases collectively to beneficially own at least 20,356,619 shares of common stock, $0.01 par value per share, of the Company (“Common Stock”), which number of shares is subject to adjustment in certain circumstances as described in the Agreement, then the Icahn Group shall cause one Icahn Designee (or replacement designee, as applicable) to promptly resign from the Board and any committee of the Board on which he or she then sits. If the Icahn Group ceases collectively to beneficially own at least 10,178,309 shares of Common Stock, which number of shares is subject to adjustment in certain circumstances as described in the Agreement, then the Icahn Group shall cause each Icahn Designee (or replacement designee, as applicable) to promptly resign from the Board and any committee of the Board on which he or she then sits.
​​​

Wasntme 05-16-2024 02:14 AM


Originally Posted by Boomer (Post 3802799)
I guess it means he doesn't think the airline is worth buying and parting out.

It also means he doesn't see the intact airline being worth anything in the future.

or maybe he just wanted his $2 billion in profit and one 5% for free.

Flyby1206 05-16-2024 11:24 AM

my apologies to all, I misunderstood what was being reported in the SEC filing. Icahn still has all his shares and nothing has changed


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