Carl Icahn Cuts JetBlue Stake After Selling 8.13M Shares
On Aug. 18, 2026, activist Carl Icahn reduced his JetBlue holding, selling 8,129,833 shares at $5.04. Icahn Capital Management still owns 12,528,346 shares, or 3.32% of JetBlue’s outstanding stock, and about 0.77% of its portfolio. The sale came as JetBlue faces financial headwinds, with a cash-to-debt ratio of 0.22 and a $1.87B market cap.