JetBlue creditors are working with restructuring adviser PJT Partners, WSJ reports

* JetBlue creditors consult PJT Partners amid financial strain * Rising jet fuel costs pressure airline despite strong demand * Shares down 42% YTD, $8.5B debt, $1.66B cash on hand JetBlue's senior creditors are working with restructuring adviser PJT Partners as surging jet-fuel costs squeeze margins. Shares, already down 42% this year, closed at $2.62. The airline is cutting costs, expanding premium cabins, and holds $1.66 billion cash against $8.5 billion debt. Management reaffirmed confidence in its JetForward plan to restore sustained profitability.