Vladimir Galkin disclosed a 10% active stake in JetBlue Airways.
He is now the airline's second-largest investor. Galkin funded the position using profits from the GameStop meme stock rally. The stock purchases occurred between February and August 2024.
Galkin met with CEO Joanna Geraghty and CFO Ursula Hurley to discuss a potential board seat. He previously threatened to divest if the airline failed to implement cost-cutting measures. The investor also holds a 5% active stake in Spirit Aviation Holdings.