🔴 JetBlue Airways is trading 7% down today as creditors hire restructuring advisers

JetBlue Airways is trading 7.05% down now at $2.44 amid reports that senior creditors have hired restructuring advisers.

• Bloomberg reported creditors are working with PJT Partners and Akin Gump ahead of JetBlue’s third-quarter earnings report.
• Higher jet-fuel costs are pressuring airline margins; JetBlue is scheduled to report results on October 27.
• The broader market is higher, and available reports do not establish a separate JetBlue announcement on October 26.