CNBC
•JetBlue shares jump 15% as activist Carl Icahn reports stake and calls shares undervalued
68% Informative
Carl Icahn amassed the stake in a series of purchases in January and February .
He plans to continue discussions with the company "regarding the possibility of board representation," filings say.
JetBlue has been cutting costs and working to improve operations in an effort to return to profitability.
This is not Icahn 's first investment involving the airline industry.
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