JetBlue creditors working with restructuring adviser PJT Partners, WSJ reports
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/27/2026
- Wall Street ends higher on revived AI momentum
- Meta's $97.5B AI money grab: why Zuckerberg is racing to raise cash before rivals
- Deutsche Bank’s Reid sees potential final dip this year before Santa rally
- UPS tops estimates as efficiency drive gains momentum
- GM to move stock listing to Nasdaq in November, shares gain
Tweet
Share
E-mail
FILE PHOTO: JetBlue logo is seen on an Airbus A321LR at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File Photo
Oct 23 (Reuters) - A senior creditors group for JetBlue Airways is working with restructuring adviser PJT Partners, the Wall Street Journal reported on Friday, citing people familiar with the matter.
A surge in jet fuel expenses due to the Iran war has pressured margins for US airlines despite higher airfares and steady demand for air travel.
• Shares of the carrier, which have fallen 42% this year, remained volatile in extended trading
• JetBlue is in the midst of a financial and operational overhaul to reduce costs and plans to boost its premium offerings
• As of June 30, JetBlue had $1.66 billion in cash and cash equivalents along with $8.5 billion of debt and finance lease obligations, according to its filings
• "JetBlue remains confident in its JetForward strategy and the progress being made toward returning to sustained profitability," the company said in an emailed statement
• PJT did not immediately respond to a Reuters request for comment
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Sahal Muhammed and Tom Hogue)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ukraine's Zelenskiy says territory recaptured, forces on the offensive
- US health chief RFK Jr faces widespread rebuke over his anti-Arab remarks
- Former DOGE staffer Jeremy Lewin departs US State Department policy role
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
