- JetBlue Airways Corp. debt fell to the lowest levels since it was issued more than two years ago.
- The airline is burning through cash, adding pressure on its debt.
- Short sellers are circling JetBlue shares as the credit distress deepens.
Quotes
“JetBlue Airways Corp. debt fell to the lowest levels since it was issued more than two years ago, as the struggling airline burns through cash while short sellers circle its shares.”