JetBlue Creditors Appoint Restructuring Advisor as Stock and Bonds Plunge

1. 1JetBlue creditors are working with a restructuring advisor due to cash burn and high aviation fuel prices.
2. 2The trading price of JetBlue 9.875% bonds maturing in 2031 fell from 80 cents per dollar in early October to approximately 44 cents at Friday's close.
3. 3JetBlue stock fell from 4.50 dollars to 2.62 dollars during the same period.

Source WSJ +1 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →