JetBlue creditors hire advisers as airline's bonds slump

A group of JetBlue Airways' senior creditors is working with financial adviser PJT Partners and law firm Akin as the airline battles cash burn and high oil prices. Its $2 billion notes due 2031 fell to 42 cents on the dollar on Thursday, down from near 80 cents earlier this month. JetBlue says it is focused on profitability and will update investors at Tuesday's earnings call.