April 20 (Reuters) – JetBlue Airways CEO Joanna Geraghty told employees the carrier was not considering bankruptcy, according to a memo seen by Reuters on Monday, as higher jet fuel prices threaten to complicate its financial recovery.
The New York-based carrier recently secured a $500 million debt financing commitment backed by up to 22 aircraft, with an option to raise an additional $250 million secured by more planes.
Geraghty said in the internal memo that the airline had ample liquidity and access to additional capital.
“There has also been speculation about potential consolidation in the industry, including questions over Spirit’s future,” she said in the memo.
“Any further consolidation would be subject to regulatory review, and the outcome remains uncertain.”
(Reporting by Shivansh Tiwary and Megavarshini G. Somasundaram in Bengaluru; Editing by Maju Samuel and Pooja Desai)
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