JetBlue Founder Predicts Bankruptcy Amid Debt and Fuel Cost Concerns
JetBlue founder David Neeleman predicts the airline may file for Chapter 11 bankruptcy, citing JP Morgan estimates of a $1.3 billion loss and rising debt. He notes United is concerned about taking on JetBlue's debt
WHY IT MATTERS
Affects 6 airline programs (Alaska, American, JetBlue...). Card-issuer angle via JP Morgan.
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