JetBlue CFO tells employees airline is not considering bankruptcy
Key points
- CFO Ursula Hurley says no plans to file for Chapter 11 bankruptcy
- Company says it has a lot of cash, much of it borrowed
- Management says it can handle fuel costs and debt pressures
According to a companywide call reviewed by Bloomberg News, JetBlue CFO Ursula Hurley told employees the airline has no plans to file for Chapter 11 bankruptcy. She said the company has a lot of cash, much of it borrowed. Management is again seeking to reassure staff that the airline can handle fuel costs and debt pressures.
Original report: Bloomberg Law News ↗Edited with AI assistance. Facts are based on official sources and original reports.