JetBlue turns to restructuring adviser as fuel costs surge

JetBlue Airways' creditors are working with restructuring adviser PJT Partners, The Wall Street Journal reported. The move signals growing financial pressure on the U.S. carrier. A surge in jet fuel expenses, driven by the Iran war, has squeezed margins for U.S. airlines. Carriers have raised airfares and still see steady demand for air travel, but those gains have not offset the higher fuel costs.