11:09 AM EDT, 06/26/2025 (MT Newswires) -- JetBlue Airways' ( JBLU ) second-largest investor, Vladimir Galkin, said he may sell his 10% stake in the airline if its cost-cutting efforts and turnaround plan fail to deliver results, Reuters reported Thursday, citing Galkin.

"I am underwater a little bit and just going to have to hold on to it," Galkin said, according to Reuters. "I don't want to say for as long as it takes, obviously, but maybe for another year."

Galkin said JetBlue's ( JBLU ) plans to cut costs and focus on more profitable routes were positive, and the company's "trajectory will be evident" in coming quarters, according to the report.

The airline should consider reducing the size of its 13-member board to reduce costs, Galkin said, according to Reuters.

JetBlue ( JBLU ) didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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