Activist investor Carl Icahn reports nearly 10% stake in JetBlue Airways, says stock is undervalued

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Activist investor Carl Icahn reports nearly 10% stake in JetBlue Airways, says stock is undervalued


Carl Icahn at the 6th annual Tech Zone Daily Institutional Investor Delivering Alpha Conference on September 13, 2016.

Heidi Gutman | Tech Zone Daily

Activist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue spiked 14% in extended trading.

Icahn amassed the stake in a series of purchases in January and February, according to regulatory filings. According to a filing, he has had and plans to continue discussions with the company “regarding the possibility of board representation.”

Representatives for both Icahn and JetBlue were not immediately available to comment.

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