Key facts
- JetBlue creditors are working with restructuring adviser PJT Partners.
- JetBlue shares have fallen 42% this year.
- JetBlue had $1.66 billion in cash and $8.5 billion in debt as of June 30.
A group of JetBlue Airways' senior creditors has engaged restructuring adviser PJT Partners, according to a report by The Wall Street Journal on Friday. The airline is facing financial pressure, with its shares down 42% this year. JetBlue is currently implementing a cost-reduction strategy and aiming to enhance its premium services. As of June 30, the company reported $1.66 billion in cash and cash equivalents against $8.5 billion in debt and finance lease obligations.