Carl Icahn Stock Portfolio: Top 10 Stock Picks

8. JetBlue Airways Corporation (NASDAQ:JBLU)

Carl Icahn’s Q4 2024 Stake: $139.3 million

JetBlue Airways Corporation (NASDAQ:JBLU) is a major American low-cost airline operator. Based in New York, the airline offers air transportation to over 100 destinations in the United States, the Caribbean and Latin America, Canada, and Europe. The firm is well-known for its focus on client satisfaction, which includes providing facilities that include in-flight entertainment and comfortable seats, while maintaining a cheap ticket structure.

Seaport Global Securities downgraded JetBlue Airways Corporation (NASDAQ:JBLU) from Buy to Neutral in January. Analyst Daniel McKenzie noted ongoing worries about Pratt & Whitney (P&W) engine failures, which have led to an increase in aircraft groundings and hampered the airline’s earnings recovery. The firm’s original Buy recommendation back in 2020 was based on the premise that JetBlue could potentially be one of the first airlines to recover normalized profitability following the pandemic, given its notable exposure to domestic and leisure demand. That said, JetBlue’s operating environment has transformed, with the airline suffering disproportionately from post-COVID supply chain delays and higher-than-expected labor cost inflation.