JetBlue Senior Creditors Engage Restructuring Adviser PJT Partners
JetBlue Airways' senior creditors have reportedly engaged restructuring adviser PJT Partners to assist with the airline's financial situation, according to reports from The Wall Street Journal. This development comes as the carrier faces significant pressure on margins due to rising jet fuel expenses linked to geopolitical tensions in the Middle East. The company is currently executing its 'JetForward' strategy, an operational overhaul aimed at cost reduction and expanding premium service offerings to restore profitability. Despite these efforts, JetBlue's stock has struggled significantly this year, closing down nearly 1% on Friday at $2.62.