JetBlue CEO Denies Creditor Talks Amid Bond Selloff
JetBlue Airways CEO Joanna Geraghty denied that the airline is in talks with creditors or considering debt restructuring. The remarks follow a sharp selloff in the carrier bonds that raised questions about its turnaround financing.
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JetBlue Airways CEO Joanna Geraghty said the carrier is not in talks with creditors and ruled out restructuring, countering a bond selloff. The denial follows reports that creditors hired restructuring advisers including PJT Partners to assess debt exposure. The airline faces $8.4 billion in debt and lease obligations without an annual profit since 2019, sparking solvency fears.
