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AeroTime
• Stephen Pope
JetBlue defends its finances as losses deepen and cash reserves shrink, while creditors hire restructuring advisers
JetBlue is defending its financial position after creditors brought in restructuring advisers, raising scrutiny of the airline’s ability to manage mounting losses and declining cash reserves. The development adds pressure to a carrier already facing a deteriorating financial picture, though the available reports provide no details on the advisers’ mandate or any restructuring plan.
