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JetBlue Hires Restructuring Advisers as $2.7B Debt Pressure Mounts

By Drooid · Oct 24, 2026, 2:45 PM UTC · How we work

Summary

JetBlue Hires Restructuring Advisers

JetBlue hired PJT Partners and Akin Gump as restructuring advisers on October 24, 2026.
The hire responded to creditors holding $2 billion of 2031 bonds and a $742 million first-lien loan.
The airline posted a $247 million Q2 net loss while revenue rose 14.5% YoY to $2.7 billion.
Fuel costs jumped 76% to $4.23 per gallon in Q2, adding $2.5 billion expense in 2026.

Summary

JetBlue Launches BlueFirst

JetBlue launches BlueFirst cabins on December 8, 2026, beginning the Boston-Fort Lauderdale route.
All four Mosaic tiers receive space-available upgrades to BlueFirst and one companion per reservation.
JetBlue Premier Cardholders qualify for free upgrades when purchasing tickets with the card.
Premium Upgrade Certificates replace Move-to-Mint certificates and can be used for Mint or BlueFirst seats.
Mosaic 3 and 4 members may earn up to $500 and $1,500 companion travel credits through the Premier Card.

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JetBlue Hires Restructuring Advisers

JetBlue hired PJT Partners and Akin Gump as restructuring advisers on October 24, 2026.
The hire responded to creditors holding $2 billion of 2031 bonds and a $742 million first-lien loan.
The airline posted a $247 million Q2 net loss while revenue rose 14.5% YoY to $2.7 billion.
Fuel costs jumped 76% to $4.23 per gallon in Q2, adding $2.5 billion expense in 2026.

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