Activist investor Carl Icahn takes two board seats at JetBlue Airways amidst company setbacks.

Activist investor Carl Icahn has agreed to take two board seats at JetBlue Airways. Icahn's investment comes after the company faced setbacks, including the cancellation of a planned merger with Spirit Airlines and reduced earnings, due to higher operating costs and fluctuating travel demand. The move also aims to restore the airlines' profitability and growth. JetBlue's Chairman Peter Boneparth welcomed the addition of Icahn's representatives to the board.

February 16, 2024
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