CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

JetBlue creditors working with restructuring adviser PJT Partners, WSJ reports

By Reuters News

Oct 23 (Reuters) - A senior creditors group to JetBlue Airways JBLU.O is working with restructuring adviser PJT Partners PJT.N, 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.

Here are some more details:

  • Shares of the carrier, which have fallen 42% this year, remained volatile in extended trading

  • JetBlue is also 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 and PJT did not immediately respond to Reuters requests for comment

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk