Carl Icahn reports JetBlue stake, calls shares undervalued

Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on Sept. 13, 2016. Heidi Gutman | CNBC Activist investor Carl Icahn late Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue were up more than 11% on Tuesday. Icahn amassed the stake in … Read more

JetBlue, Spirit appeal judge ruling that blocks their proposed merger

Spirit and JetBlue planes at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Nov. 1, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images JetBlue Airways and Spirit Airlines on Friday said they are appealing a federal judge’s ruling earlier this week that blocks the two carriers’ planned merger on antitrust grounds. JetBlue had … Read more

Failed JetBlue buyout leaves Spirit Airlines with a tough path forward

A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. Joe Cavaretta | Sun Sentinel | Getty Images Spirit Airlines is on shaky footing after JetBlue Airways’ proposed $3.8 billion takeover of the budget carrier was blocked by a federal judge this … Read more

The Worst Airlines for Customer Satisfaction, Ranked

Photo: Robin Guess / Shutterstock.com (Shutterstock) At last, we get to the budget airlines which, in fairness, are a bit more open about how terrible they are. Like its cheapo competitors, Allegiant offers you an impressively low price that nets you a seat on a plane, period. “We collect $110 from you at the end … Read more