JetBlue Airways Corporation (JBLU): Carl C. Icahn Continues Bullish Stance

We just covered Growth Stock Portfolio: 12 Stock Picks by Carl C. Icahn and JetBlue Airways Corporation (NASDAQ:JBLU) ranks 8th on this list.

JetBlue Airways Corporation (NASDAQ:JBLU) is a relatively new addition to the 13F portfolio of Icahn Capital. The fund first disclosed a stake in the company back in the first quarter of 2024. Back then, this position comprised 17.7 million shares. No new activity was registered against this position till the fourth quarter of 2024. However, in the first quarter of 2025, the fund added to this holding by nearly 90%, growing the stake to 33 million shares. Filings for the fourth quarter of 2025 show that the fund owns 33.6 million shares in the firm.

How Rising Fuel Costs Drove Fresh Target Cuts on Frontier Group

JetBlue Airways Corporation (NASDAQ:JBLU) has become a focus of attention on Wall Street since reports that the firm is exploring the possibility of a merger with a bigger airline. The collapse of Spirit Airlines in early 2026 has also acted as a major tailwind for the stock. With a major low-cost competitor gone, hedge funds anticipate a reduction in fare wars, allowing JetBlue to raise prices and recapture revenue. Investors are betting that JetBlue would be a primary beneficiary of the redirected passenger traffic, particularly in Florida and the Caribbean. The company reported a wider-than-expected loss of $0.87 per share in Q1 2026, largely due to a 26% surge in fuel costs. Revenue Per Available Seat Mile (RASM) grew 6.5% year-over-year, hitting the upper end of guidance.

While we acknowledge the risk and potential of JBLU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JBLU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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