JetBlue creditors are hiring restructuring advisers as bonds crash to 42 cents

What happened: JetBlue creditors are hiring restructuring advisers as the airline's bonds crash to 42 cents on the dollar. Key numbers: $2 billion of notes due 2031 traded near 80 cents this month; bonds now at 42 cents; stock has fallen more than half since August. Why it matters: The drop in bond prices and the move by creditors to bring in restructuring advisers signal growing concern about the airline's finances.

JetBlue creditors hiring restructuring advisers as bonds crash to 42 cents signals distress.

JetBlue creditors hiring restructuring advisers as bonds crash to 42 cents signals distress. — impact context not separately stored; see What changed.