Icahn group holds 6.72% stake in JetBlue

JetBlue Airways Corp received an updated ownership filing from entities affiliated with Carl C. Icahn.

Rhea-AI Filing Summary

JetBlue Airways Corp received an updated ownership filing from entities affiliated with Carl C. Icahn. As of May 14, 2026, these reporting persons may be deemed to beneficially own 24,990,000 shares of JetBlue common stock, representing about 6.72% of the company’s outstanding shares.

The percentage is based on 372,018,894 shares outstanding as of March 31, 2026, as disclosed in JetBlue’s Form 10-Q. Different Icahn-related funds and entities hold portions of this stake, with shared or sole voting and dispositive power allocated among them.

Key Figures

Beneficial ownership: 24,990,000 shares Ownership percentage: 6.72% Shares outstanding: 372,018,894 shares +3 more

6 metrics

Beneficial ownership 24,990,000 shares Shares of JetBlue common stock beneficially owned by reporting persons as of May 14, 2026

Ownership percentage 6.72% Portion of JetBlue outstanding common stock represented by 24,990,000 shares

Shares outstanding 372,018,894 shares JetBlue common stock outstanding as of March 31, 2026 from Form 10-Q

Icahn Partners Master Fund stake 11,865,031 shares JetBlue shares with sole voting and dispositive power; about 3.19% of class

Icahn Partners stake 13,124,869 shares JetBlue shares with sole voting and dispositive power; about 3.53% of class

Minor 560 State Street LLC holding 100 shares JetBlue shares with sole and shared voting and dispositive power; 0.00003% of class

Key Terms

beneficially own, sole voting power, shared dispositive power, Schedule 13D, +1 more

5 terms

beneficially own financial

"the Reporting Persons may be deemed to beneficially own, in the aggregate, 24,990,000 shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

sole voting power financial

"Icahn Master has sole voting and sole dispositive power with regard to 11,865,031 shares"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

shared dispositive power financial

"has shared voting power and shared dispositive power with regard to such shares of Common Stock"

Schedule 13D regulatory

"This Amendment No. 4 amends the initially filed with the Securities and Exchange Commission on February 12, 2024"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Form 10-Q regulatory

"as disclosed by the Issuer in its Form 10-Q for the quarter ended March 31, 2026"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much of JetBlue Airways Corp (JBLU) do Icahn-related entities currently own?

Icahn-related entities report beneficial ownership of 24,990,000 JetBlue shares, or about 6.72% of outstanding common stock. This percentage is calculated using 372,018,894 shares outstanding as of March 31, 2026, from JetBlue’s Form 10-Q.

What percentage of JetBlue Airways Corp (JBLU) does Carl C. Icahn personally report?

Carl C. Icahn is listed as a reporting person with 24,990,000 JetBlue shares beneficially owned, representing approximately 6.72% of the common stock. His voting and dispositive power is described as shared, reflecting holdings through various affiliated entities in the filing.

Which Icahn funds hold JetBlue Airways Corp (JBLU) shares and in what amounts?

The filing shows Icahn Partners Master Fund with 11,865,031 shares (about 3.19%) and Icahn Partners with 13,124,869 shares (about 3.53%). These entities report sole voting and dispositive power over their respective JetBlue share blocks.

How was the 6.72% JetBlue (JBLU) ownership figure calculated in this Schedule 13D/A?

The 6.72% ownership is based on 24,990,000 JetBlue shares beneficially owned versus 372,018,894 shares of common stock outstanding as of March 31, 2026. That outstanding share count comes from JetBlue’s Form 10-Q for the quarter ended March 31, 2026.

Which Icahn entities have shared voting power over JetBlue Airways Corp (JBLU) shares?

Entities including Icahn Offshore, Icahn Capital, IPH GP, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton, and Carl C. Icahn are described as having shared voting and dispositive power over certain JetBlue shares held by affiliated funds and entities.

What does Schedule 13D/A Amendment No. 4 for JetBlue (JBLU) represent?

Amendment No. 4 updates a previously filed Schedule 13D regarding Icahn-affiliated interests in JetBlue common stock. It restates beneficial ownership details, including 24,990,000 shares and related voting and dispositive powers, as of mid-May 2026 for the various reporting persons.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 09:45 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

JETBLUE AIRWAYS CORP

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

477143101

(CUSIP Number)

Jesse A. Lynn COO
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)

05/12/2026

(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.

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).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 477143101

1

Name of reporting person

Icahn Partners Master Fund LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 11,865,031.00
8	Shared Voting Power 11,865,031.00
9	Sole Dispositive Power 11,865,031.00
10	Shared Dispositive Power 11,865,031.00

11

Aggregate amount beneficially owned by each reporting person

11,865,031.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.19 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 477143101

1

Name of reporting person

Icahn Offshore LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 11,865,031.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 11,865,031.00

11

Aggregate amount beneficially owned by each reporting person

11,865,031.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.19 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 477143101

1

Name of reporting person

Icahn Partners LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 13,124,869.00
8	Shared Voting Power 13,124,869.00
9	Sole Dispositive Power 13,124,869.00
10	Shared Dispositive Power 13,124,869.00

11

Aggregate amount beneficially owned by each reporting person

13,124,869.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.53 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 477143101

1

Name of reporting person

Icahn Onshore LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 13,124,869.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 13,124,869.00

11

Aggregate amount beneficially owned by each reporting person

13,124,869.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.53 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 477143101

1

Name of reporting person

Icahn Capital LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 24,990,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 24,990,000.00

11

Aggregate amount beneficially owned by each reporting person

24,990,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.72 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 477143101

1

Name of reporting person

IPH GP LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 24,990,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 24,990,000.00

11

Aggregate amount beneficially owned by each reporting person

24,990,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.72 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 477143101

1

Name of reporting person

Icahn Enterprises Holdings L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 24,990,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 24,990,000.00

11

Aggregate amount beneficially owned by each reporting person

24,990,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.72 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 477143101

1

Name of reporting person

Icahn Enterprises G.P. Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 24,990,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 24,990,000.00

11

Aggregate amount beneficially owned by each reporting person

24,990,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.72 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): 477143101

1

Name of reporting person

Beckton Corp.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 24,990,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 24,990,000.00

11

Aggregate amount beneficially owned by each reporting person

24,990,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.72 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): 477143101

1

Name of reporting person

560 State Street LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 100.00
8	Shared Voting Power 100.00
9	Sole Dispositive Power 100.00
10	Shared Dispositive Power 100.00

11

Aggregate amount beneficially owned by each reporting person

100.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.00003 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 477143101

1

Name of reporting person

Carl C. Icahn

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 24,990,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 24,990,000.00

11

Aggregate amount beneficially owned by each reporting person

24,990,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.72 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: JETBLUE AIRWAYS CORP
(c)	Address of Issuer's Principal Executive Offices: 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY, NEW YORK , 11101.
Item 1 Comment: This Amendment No. 4 amends the Schedule 13D initially filed with the Securities and Exchange Commission (the "SEC") on February 12, 2024, relating to the Reporting Persons' interests in the common stock, $0.01 par value per share (the "Common Stock") of the Issuer (the "Schedule 13D"). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	As of May 14, 2026, the Reporting Persons may be deemed to beneficially own, in the aggregate, 24,990,000 shares of Common Stock, representing approximately 6.72% of the Issuer's outstanding shares of Common Stock, based on 372,018,894 shares of Common Stock outstanding as of March 31, 2026, as disclosed by the Issuer in its Form 10-Q for the quarter ended March 31, 2026.
(b)	Icahn Master has sole voting and sole dispositive power with regard to 11,865,031 shares of Common Stock. Each of Icahn Offshore, Icahn Capital, IPH GP, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn, by virtue of their relationships to Icahn Master, has shared voting power and shared dispositive power with regard to such shares of Common Stock. Icahn Partners has sole voting and sole dispositive power with regard to 13,124,869 shares of Common Stock. Each of Icahn Onshore, Icahn Capital, IPH GP, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn, by virtue of their relationships to Icahn Partners, has shared voting power and shared dispositive power with regard to such shares of Common Stock. State Street has sole voting power and sole dispositive power and shared and shared dispositive power with respect to 100 shares of Common Stock. Each of Icahn Offshore, Icahn Capital, IPH GP, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton, Icahn Master and Mr. Icahn, by virtue of their relationships to State Street, has shared voting power and shared dispositive power with regard to such shares of Common Stock.
(c)	Schedule A hereto sets forth all transactions with respect to the shares of Common Stock by any Reporting Person in the past 60 days. Except for the transactions set forth on Schedule A, none of the Reporting Persons effected any transaction in the shares of Common Stock in the past 60 days.
Item 7.	Material to be Filed as Exhibits.
	Exh-1 Schedule A

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Icahn Partners Master Fund LP

Signature:	/s/ Jesse Lynn
Name/Title:	Jesse Lynn / Chief Operating Officer
Date:	05/14/2026

Icahn Offshore LP

Signature:	/s/ Jesse Lynn
Name/Title:	Jesse Lynn / Chief Operating Officer
Date:	05/14/2026

Icahn Partners LP

Signature:	/s/ Jesse Lynn
Name/Title:	Jesse Lynn / Chief Operating Officer
Date:	05/14/2026

Icahn Onshore LP

Signature:	/s/ Jesse Lynn
Name/Title:	Jesse Lynn / Chief Operating Officer
Date:	05/14/2026

Icahn Capital LP

Signature:	/s/ Jesse Lynn
Name/Title:	Jesse Lynn / Chief Operating Officer
Date:	05/14/2026

IPH GP LLC

Signature:	/s/ Jesse Lynn
Name/Title:	Jesse Lynn / Chief Operating Officer
Date:	05/14/2026

Icahn Enterprises Holdings L.P.

Signature:	/s/ Ted Papapostolou
Name/Title:	Ted Papapostolou / Chief Financial Officer
Date:	05/14/2026

Icahn Enterprises G.P. Inc.

Signature:	/s/ Ted Papapostolou
Name/Title:	Ted Papapostolou / Chief Financial Officer
Date:	05/14/2026

Beckton Corp.

Signature:	/s/ Ted Papapostolou
Name/Title:	Ted Papapostolou / Vice President
Date:	05/14/2026

560 State Street LLC

Signature:	/s/ Jesse Lynn
Name/Title:	Jesse Lynn / Chief Operating Officer
Date:	05/14/2026

Carl C. Icahn

Signature:	/s/ Carl C. Icahn
Name/Title:	Carl C. Icahn
Date:	05/14/2026