00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A senior creditors group for JetBlue Airways is working with restructuring advisor PJT Partners,
00:07according to CNBC. Rising jet fuel costs linked to the Iran war have pressured U.S. airline margins
00:14amid higher airfares and steady travel demand. JetBlue shares have fallen 42% this year and
00:20closed Friday down 0.94% at 262. The airline is undergoing a financial and operational overhaul
00:27to reduce costs and expand premium offerings. As of June 30th, JetBlue held $1.66 billion in cash
00:34and cash equivalents and $8.5 billion in debt and finance lease obligations. JetBlue said it remains
00:40confident in its jet-forward strategy and progress towards sustained profitability.
00:45For all things money, visit Benzinga.com.
