JetBlue investor Galkin weighs selling nearly 10% stake, Reuters says

JetBlue’s (JBLU) second-biggest stakeholder, Vladimir Galkin, is threatening to sell his nearly 10% interest in the carrier if its cost-cutting plan and broader efforts fail to turn around its performance, Reuters’ Doyinsola Oladipo reports. “I am underwater a little bit and just going to have to hold on to it. I don’t want to say for as long as it takes, obviously, but maybe for another year,” Galkin, a major winner from the so-called “meme stock” rally of 2021, told Reuters. The investor owns roughly 35M shares, or $212M, in JetBlue, he confirmed to Reuters.