JetBlue Airways Corp
Companies — profitable or not — make 2024 the year of cost cuts
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker […]
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Carl Icahn gets two seats on JetBlue’s board. Here’s how he may help build value
JetBlue Airbus A321LR is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Benoit Tessier | Reuters Company: JetBlue Airways (JBLU) Business: JetBlue is a New York-based airline company serving over 100 destinations across the United States, the Caribbean and Latin America, Canada and Europe. JetBlue […]
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Carl Icahn wins seats on JetBlue board after taking stake in airline
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Carl Icahn won his push for representation on JetBlue’s board of directors, according to a statement from the airline Friday. The activist investor earlier this week revealed a […]
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JetBlue shares jump 15% as activist Carl Icahn reports stake and 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 on Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue spiked more than 15% in extended trading. Icahn amassed the stake in […]
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Inventory futures slip immediately after fresh Dow file, Wall Road seems to be to inflation knowledge: Reside updates
Traders perform on the flooring of the New York Stock Trade (NYSE) in the course of morning trading on January 26, 2023 in New York Metropolis. Michael M. Santiago | Getty Illustrations or photos Stock futures ticked reduce on Monday night as traders geared up for a essential inflation report. Futures tied to the Dow […]
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JetBlue resets with new CEO, industry veterans to run airline on time, and profitably
A JetBlue Airways plane prepares to depart New York’s LaGuardia Airport. Leslie Josephs/CNBC In the 24 years since JetBlue Airways‘ first flight, the New York-based airline has pushed the envelope for a carrier of its size. Now, with some veteran executive hires and cost-cutting, it’s trying to get back to basics. JetBlue was a pioneer in seat-back […]
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Hawaiian Airways debuts totally free inflight Wi-Fi from SpaceX's Starlink
A Hawaiian Airlines A321 plane with Starlink WiFi installed. Hawaiian Airlines Hawaiian Airways is rolling out complimentary Wi-Fi by way of SpaceX’s Starlink on board professional flights this 7 days, the firms advised CNBC, the initial important U.S. airline to supply the satellite-dependent services. “SpaceX has definitely cracked the code – practically, in phrases of […]
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Spirit Airlines narrows loss to $184 million, states it's on the route back again to profitability
A Spirit Airways plane awaits takeoff at LaGuardia Airport in New York Leslie Josephs/CNBC Spirit Airlines‘ fourth-quarter decline narrowed to nearly $184 million, but its CEO mentioned the provider is back again on the path to profitability and the domestic air vacation marketplace is improving. The provider is attempting to uncover its footing following domestic […]
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JetBlue swings to a loss, forecasts lower capacity in 2024
JetBlue planes at JFK’s Terminal 5 in New York. Leslie Josephs/CNBC JetBlue Airways swung to a loss in the fourth quarter and forecast lower capacity this year as it scrambles to return to profitability. The New York-based airline reported a net loss of $104 million in the last three months of 2023, compared with a […]
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Stocks producing the largest moves midday: Intel, Visa, Spirit Airways and more
Check out the corporations making headlines in midday trading. Capital One particular Monetary — Shares rose 4%, achieving a new 52-week significant. On Thursday, Funds One posted fourth-quarter earnings of $9.51 billion, while analysts polled by LSEG called for $9.46 billion. Spirit Airlines — Shares of the funds airline tumbled approximately 12% right after JetBlue […]
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