Latest news with #Galkin
Reuters
26-06-2025
- Business
- Reuters
JetBlue's second-largest investor will consider selling stake without changes
NEW YORK, June 26 (Reuters) - JetBlue Airways' (JBLU.O), opens new tab second-largest investor, Vladimir Galkin, is threatening to sell his near 10% stake in the struggling air carrier if the company's cost-cutting plan and other broader efforts fail to turn around its performance. Galkin, who lives in Miami, Florida, was a big winner from Gamestop's "meme stock" rally in 2021 and invested over $200 million in JetBlue between February and August 2024. The New York air carrier has been struggling with weakened travel demand, as the company withdrew its full-year forecast in April, saying it is unlikely to break even in 2025. Shares are down 43% year-to-date, while peers Delta Air Lines and United Airlines are down 17% and 18%, respectively. That's left Galkin sitting on a losing position. "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 told Reuters. He has approximately 35 million shares, or $212 million invested in the company, according to a September U.S. regulatory filing, a position he confirmed with Reuters. JetBlue in June reiterated plans to cut costs and focus on more profitable routes. Galkin said the memo was positive, but that the company's "trajectory will be evident" in coming quarters. He said JetBlue should consider reducing the size of its 13-member board to also cut costs, but did not say what other cuts he would make. "The cost savings measures from the recent memo are part of JetForward and a continuation of our previously stated commitment to reduce costs, particularly as the industry as a whole has seen a macroeconomic step back in consumer demand," the company said in a statement. JetForward is the company's multi-year plan to boost profits and deliver $800 million to $900 million in earnings before interest and taxes through 2027. Galkin later said selling in one year was not a set deadline as he is hopeful JetBlue will start making money "sooner rather than later." He added that he thinks Wall Street is underestimating the potential of JetBlue's collaboration with United, which will allow travelers to book flights on both carriers' websites beginning in 2027. JetBlue has reported profits in two of the last nine quarters. As of May 23rd, 10 equity analysts have a hold recommendation on the stock, with five "sell" and two "strong sell" ratings, according to LSEG data. There are no "buy" ratings. Other large JetBlue investors, including BlackRock, Fidelity and T. Rowe Price, declined comment. On Tuesday, the company announced business-class seats on its Orlando-to-Las Vegas route as it - along with rivals like Spirit - focuses on premium seats to boost revenue. "It's a positive in the sense that they're not putting their head in the sand," said Michael Matousek, head trader at U.S. Global Investors, which owns 1.4% shares of the company in the JETS exchange-traded fund (ETF). He said the company's plans to shed unprofitable routes and focus on higher-margin opportunities is positive for the long term.
Time of India
12-06-2025
- Entertainment
- Time of India
One Night in Idaho: The College Murders OTT Release Date - When and where to watch chilling true docuseries
One Night in Idaho: The College Murders OTT Release Date - In the early hours of November 13, 2022, the quiet college town of Moscow, Idaho, was shattered by a crime so brutal it made national headlines within hours. Four University of Idaho students, namely Kaylee Goncalves, Madison Mogen, Xana Kernodle, and Ethan Chapin, were found stabbed to death in their shared off-campus home. The murders didn't just leave their families and friends in anguish; they ignited an overwhelming wave of media frenzy, online speculation, and collective paranoia across the country. Now, nearly three years later, the case that shook the nation is the focus of a deeply personal and emotionally intense true docuseries titled One Night in Idaho: The College Murders, premiering July 11 on Prime Video. A human story amid chaos What makes this docuseries stand apart is its approach. Directed by Liz Garbus (I'll Be Gone in the Dark, Lost Girls) and Matthew Galkin (Murder in the Bayou), the series brings the audience into the lived experiences of those who were closest to the victims. The series features exclusive interviews with the families of the victims, including Stacey and Jim Chapin, parents of Ethan, and Karen and Scott Laramie, parents of Madison. The directors behind the lens Garbus and Galkin are not new to stories of pain, injustice, and silence. Garbus previously worked on Netflix's Lost Girls, a series that focused on the victims of the Long Island Serial Killer. Galkin's work on Murder in Big Horn put the spotlight on the overlooked cases of murdered and missing Indigenous women in Montana. Their experience working with victims' families shows through in One Night in Idaho; this is a sensitive, unfiltered look at what happens when grief meets the digital age. The pair began working on the project in early 2023, reaching out to families to document the aftermath. Their goal? To give a voice to the ones left behind. The series comes with serious production backing. It's produced by Amazon MGM Studios, Skydance Television, Story Syndicate, James Patterson Entertainment, and Fairhaven. Executive producers include a powerful lineup: Katie A. King, David Ellison, Dana Goldberg, Matt Thunell, Dan Cogan, Jon Bardin, Kate Barry, Mala Chapple, James Patterson, Bill Robinson, and Patrick Santa.
Yahoo
12-06-2025
- Entertainment
- Yahoo
New Docuseries Reveals the Untold Story of the Idaho Murders
In the early morning of Nov. 13, 2022, four University of Idaho students were stabbed to death in their off campus home. Kaylee Goncalves, 21, Madison Mogen, 21, Xana Kernodle, 20, and Ethan Chapin, 20, were all members of the school's Greek life and beloved by their campus community, which turned the weeks after their murders into a frenzy of national media attention and online speculation surrounding one topic: The Idaho Murders. Despite releasing little information about the investigative process, police in Moscow, Idaho eventually arrested primary suspect Bryan Kohberger, a 28-year-old criminology graduate student at Washington State University. Now, three years later, with Kohberger's trial finally set to begin in August after numerous delays, filmmakers Matthew Galkin and Liz Garbus are releasing a new Amazon docuseries taking an in depth look at how the people closest to the case dealt with their tragic losses and the media storm that followed them. One Night In Idaho: The College Murders premieres July 11 on Amazon Prime. More from Rolling Stone 5 Things We Learned From 'Sherri Papini: Caught in the Lie' Docuseries Mexican Beauty Influencer Shot and Killed on TikTok Live A Bullet Killed Him. AI Brought Him Back to Life in Court Galkin and Garbus first began working on the project in the spring of 2023, doing outreach to the family members that led to a sit down meeting with the Chapin family. Both of the filmmakers are known for past projects that center around the ethical consideration of true crime — including using projects to highlight stories of people on the margins that can typically be ignored by the media and police. (Garbus is perhaps best known for her work on Netflix's Gone Girl: The Long Island Serial Killer — the story of how LISK escaped police capture by targeting young sex workers. Galkin is the director of Showtime miniseries Murder In Big Horn, a series centered on the disappearances and murders of indigenous women in Montana.) The trailer features several interviews from family members and friends closest to the Idaho victims, including the Chapin and Mogen families. 'I've never been involved in a documentary about a case this large and with this many sort of complicated aspects that converge,' Galkin tells Rolling Stone. 'Yeah,' Garbus agrees. 'The whole thing was on steroids in a way I've never seen.' Because the Moscow Police Department gave the public little to no information during their investigation, the national media fury only intensified in online spaces like TikTok's true crime community. Videos about the murders received millions of views, comments, and shares across platforms, with true crime accounts publicly speculating about close friends or people who could have killed the students. Several publicly accused people of the crime, leaving dozens of Idaho students and close friends of victims fearing for their public safety and mental health. Galkin and Garbus tell Rolling Stone they were focused on telling a story that gave viewers an inside look at what was happening behind closed doors. 'In the first conversation with the Chapins, one of the things that truly struck me was their description of being swept up in this circus from the inside. All of the Tiktok videos and hypothesizing and having their son's name dragged through the mud unfairly, obviously, because none of [the conspiracy theories] turned out to be true,' Galkin says. 'I felt like we had never seen that story told from that perspective. Major crime in 2025 has all of these layers of attention and social media and speculation where that didn't exist a few decades ago, but now it's what all of these families have to deal with on a daily basis.' For Garbus, the director says she was focused on unearthing the story that people had missed in the mayhem, avoid sensationalism, and instead giving the families of the victims a chance to tell the world who their loved one actually was — both as a form of memory and as an opportunity to possibly heal. 'What is the side that is untold?' she says. 'At the end of the day, these kids are victims. And their families deserve their stories to be told in fulsome, loving ways.' { pmcCnx({ settings: { plugins: { pmcAtlasMG: { iabPlcmt: 1, }, pmcCnx: { singleAutoPlay: 'auto' } } }, playerId: "d762a038-c1a2-4e6c-969e-b2f1c9ec6f8a", mediaId: "7936b823-4004-4c31-9d66-c2a1c3fe2d78", }).render("connatix_player_7936b823-4004-4c31-9d66-c2a1c3fe2d78_1"); }); Best of Rolling Stone Every Super Bowl Halftime Show, Ranked From Worst to Best The United States of Weed Gaming Levels Up
