JetBlue CEO says no creditor talks as bond selloff raises doubts about turnaround

JetBlue Airways is not in talks with creditors and is not planning to restructure its debt, Chief Executive Joanna Geraghty told Reuters on Tuesday, after a sharp selloff in the airline’s bonds raised concerns about its finances.  

Why it matters

Geraghty’s comments come days after a group of creditors hired restructuring advisers PJT Partners and Akin Gump, according to media reports, raising questions about the carrier’s ability to fund a turnaround without having to renegotiate its debt.