JetBlue creditors started working with restructuring adviser PJT Partners on October 23. A report showed that rising jet fuel expenses from the Iran war pressured margins for many US airlines. Even though air travel demand stayed steady and fares got higher, these costs created a tough situation for the industry.
Oct 23 (Reuters) - A senior creditors group to JetBlue Airways (JBLU.O), opens new tab is working with restructuring adviser PJT Partners (PJT.N), opens new tab, the Wall Street Journal reported on Friday, citing people familiar with the matter.
A surge in jet fuel expenses due to the Iran war has pressured margins for US airlines despite higher airfares and steady demand for air travel.
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