Icahn Amends JetBlue Stake Filing

TL;DR

Icahn updated his JetBlue filing on 8/19. Big stake, watch this space.

AI Summary

Carl Icahn, through various entities including Icahn Capital LP and Icahn Enterprises Holdings L.P., has amended their Schedule 13D filing regarding JetBlue Airways Corp. as of August 19, 2024. The filing indicates a significant stake in the airline, with details on their holdings and intentions to be further elaborated within the full document.

Why It Matters

This filing update from a prominent activist investor like Carl Icahn could signal potential changes in strategy or governance for JetBlue Airways.

Risk Assessment

Risk Level: medium — Filings by activist investors like Carl Icahn often precede significant corporate actions or proxy battles, introducing uncertainty.

Key Players & Entities

• JETBLUE AIRWAYS CORP (company) — Subject company
• ICAHN CARL C (person) — Filer
• ICAHN CAPITAL LP (company) — Group member
• ICAHN ENTERPRISES HOLDINGS L.P. (company) — Group member
• STATE STREET LLC (company) — Group member

FAQ

From the Filing

0001104659-24-090921.txt : 20240819 0001104659-24-090921.hdr.sgml : 20240819 20240819174439 ACCESSION NUMBER: 0001104659-24-090921 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240819 DATE AS OF CHANGE: 20240819 GROUP MEMBERS: 560 STATE STREET LLC GROUP MEMBERS: BECKTON CORP. GROUP MEMBERS: ICAHN CAPITAL LP GROUP MEMBERS: ICAHN ENTERPRISES G.P. INC. GROUP MEMBERS: ICAHN ENTERPRISES HOLDINGS L.P. GROUP MEMBERS: ICAHN OFFSHORE LP GROUP MEMBERS: ICAHN ONSHORE LP GROUP MEMBERS: ICAHN PARTNERS LP GROUP MEMBERS: ICAHN PARTNERS MASTER FUND LP GROUP MEMBERS: IPH GP LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JETBLUE AIRWAYS CORP CENTRAL INDEX KEY: 0001158463 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 870617894 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78219 FILM NUMBER: 241221992 BUSINESS ADDRESS: STREET 1: 27-01 QUEENS PLAZA NORTH CITY: LONG ISLAND CITY STATE: NY ZIP: 11101 BUSINESS PHONE: 7182867900 MAIL ADDRESS: STREET 1: 27-01 QUEENS PLAZA NORTH CITY: LONG ISLAND CITY STATE: NY ZIP: 11101 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ICAHN CARL C CENTRAL INDEX KEY: 0000921669 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: CF IRS NUMBER: 000000000 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O ICAHN ENTERPRISES L.P. STREET 2: 16690 COLLINS AVE., PH-1 CITY: SUNNY ISLES BEACH STATE: FL ZIP: 33160 BUSINESS PHONE: 305-422-4145 MAIL ADDRESS: STREET 1: C/O ICAHN ENTERPRISES L.P. STREET 2: 16690 COLLINS AVE., PH-1 CITY: SUNNY ISLES BEACH STATE: FL ZIP: 33160 FORMER COMPANY: FORMER CONFORMED NAME: ICAHN CARL C ET AL DATE OF NAME CHANGE: 19950612 SC 13D/A 1 tm2421713d6_sc13da.htm SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* JetBlue Airways Corporation (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 477143101 (CUSIP Number) Jesse A. Lynn Chief Operating Officer Icahn Capital LP 16690 Collins Avenue, PH-1 Sunny Isles Beach, FL 33160 (305) 422-4100 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 19, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐ . NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D This Amendment No. 2 amends the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on February 12, 2024 relating to the Reporting Persons’ interests in the Common Stock of the Issuer (the “Schedule 13D”) solely for the purpose of complying with the SEC’s amended disclosure requirements under Item 2 of Schedule 13D, effective as of August 19, 20