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Why JetBlue Stock Dived by Almost 10% on Monday

On Monday, JetBlue (NASDAQ:JBLU) stock lost significant altitude, on speculation that its creditors might be preparing for a business emergency. They have apparently hired high-level financial and legal advisors, which may or may not lead to a push to initiate bankruptcy proceedings. Understandably concerned about this, investors aggressively sold the airline 's stock, resulting in a nearly 10% loss in that trading session.

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