JetBlue’s creditors have brought in outside advisers as the airline’s shares and bonds drop sharply. Senior lenders are now working with financial adviser PJT Partners and law firm Akin.
The move signals that creditors are preparing for potential restructuring talks. Falling bond and share prices have raised concerns about the carrier’s financial stability.
PJT Partners will guide the lender group through negotiations with the company. Akin is providing legal counsel to the creditors.
JetBlue has faced mounting financial pressure in recent months. Weaker demand and rising costs have weighed on its results.
Creditors often hire advisers when they expect tense talks over debt terms. The appointments do not confirm that a bankruptcy filing is planned.
The airline has not publicly commented on the creditor moves. Details of the discussions remain unclear.
JetBlue’s shares and bonds have fallen as investors reassess the company’s outlook. The declines reflect broader worries about its balance sheet.
The creditor group’s next steps will depend on how the airline’s finances develop. Talks could focus on debt terms, new financing, or other options.
