Spirit Airlines News

Subscribe to enjoy similar stories.The global jet-fuel crunch is hitting Asia’s low-cost airlines harder than their full-service counterparts. Governments should prepare financial or operational support to avoid further flight cancellations during the busy summer travel season—as well as outright shutdowns like the collapse of America’s Spirit Airlines.Discount carriers like Malaysia’s AirAsia, Indonesia’s Lion Air and Cebu Air of the Philippines are already bearing the brunt of the energy shock. Policymakers must consider targeted measures in the form of loans, grants or fuel price relief.

Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late last year as budget airlines struggle

Delta and United Airlines have become the most profitable U.S. airlines by targeting premium customers while also winning a significant share of budget travelers

The largest budget airline in the U.S., has filed for Chapter 11 bankruptcy protection

Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the airline to JetBlue.

Spirit Airlines, the US' biggest budget airline, has filed for bankruptcy protection. Spirit has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion over the next year. The airline will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue, AP reported. The Florida-based airline said it had pre-arranged a deal with its bondholders to restructure its debts and raise money to help it operate during the bankruptcy process, which it expects to exit in the first quarter of 2025. The carrier said it expected to continue operating its business as normal through the proceedings and customers could book and fly without interruption.

Spirit Airlines has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue

Spirit Airlines says it won’t announce its quarterly financial results on time because the company is focused on talks with bond holders to restructure its debt

At least one U.S. airline has temporarily canceled flights to Haiti’s capital after gang members opened fire and hit a U.N. helicopter flying near the country’s main airport

Five airlines are poised to win permission for new new long-haul flights to Ronald Reagan Washington National Airport

Alaska Airlines is closing its $1 billion purchase of Hawaiian Airlines

The Biden administration is letting Alaska Airlines buy Hawaiian Airlines

Flight attendants at American Airlines have approved a new contract after years of negotiations

JetBlue Airways is reporting a small but surprising profit for the second quarter

CrowdStrike and Microsoft Corp., which have since released patches to address the problem.Here are key points on the issue:Microsoft Chairman and CEO took to X (formerly Twitter) to acknowledge the issue, stating, “CrowdStrike’s recent update has had a global impact on IT systems. We are actively collaborating with CrowdStrike and industry partners to guide our customers through the recovery process and restore their systems securely."CrowdStrike Holdings Inc.

Asian markets are mostly higher, although Chinese shares faltered

Check out the companies making headlines in midday trading:

Discount carrier Spirit Airlines said it is deferring all aircraft on order from Airbus that were scheduled to be delivered in the second quarter of 2025 through the end of 2026

Shares of JetBlue are up more than 18% in Tuesday afternoon trading as activist investor Carl Icahn took an almost 10% stake in the airline

JetBlue and Spirit Airlines are appealing a judge's ruling that is blocking their planned merger

Investing.com — U.S. futures edged higher Friday, with positive sentiment in the tech sector boosting the main indices as the earnings season continues.