JetBlue Airways is trading at $2.35, down 10.29%, as investors react to reports that senior creditors hired PJT Partners and Akin Gump as restructuring advisers.
- Bloomberg reports the creditor group includes holders of $2 billion in 2031 bonds and a $742 million first-lien loan, with financial pressure intensifying ahead of earnings.
- CNBC notes the company had $8.5 billion in debt and finance lease obligations as of June 30; shares are down sharply despite broader indices being higher.