Report
JetBlue CEO: Airline not in creditor talks or considering debt restructuring amid bond selloff
Reuters cited a sharp fall in TrueBlue-backed bonds and media reports of a group of creditors hiring restructuring advisers.
TLDR
On Oct. 27, JetBlue CEO Joanna Geraghty told Reuters the airline was not in creditor talks or considering debt restructuring. Its TrueBlue-backed bonds had fallen sharply, while Reuters cited media reports that a group of creditors had hired advisers. Reuters also reported a wider third-quarter loss; JetBlue said its liquidity was enough to meet its needs for at least 12 months.
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