JetBlue CEO says company not in talks with its creditors
JBLU•JetBlue CEO Joanna Geraghty said the airline is not in talks with creditors and is not considering a debt restructuring. The comments followed a sharp selloff in its bonds and reports that creditors hired restructuring advisers.
1. No restructuring talks
JetBlue Airways CEO Joanna Geraghty said the airline is not talking with creditors and is not considering a debt restructuring. Her comments came days after a group of creditors reportedly hired restructuring advisers PJT Partners and Akin Gump, fueling speculation about JetBlue’s ability to manage its debt as it struggles to return to profitability.
