The carrier has become the country’s most profitable by catering to affluent travelers, but it is facing stiffer competition from United.
Category: Bankruptcies
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For Struggling JetBlue, Spirit’s Demise May Offer an Opportunity
JetBlue Airways is adding flights at Spirit Airlines’ former home airport as it tries to turn a profit again.
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Spirit Airlines’ Demise Could Help Other Airlines
Even in its reduced state, the company played an important role in forcing other airlines to keep fares low, some experts said.
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Spirit Airlines Cancels All Flights, Stranding Passengers
The budget carrier abruptly canceled flights early on Saturday, leaving passengers to rush to make other plans. “Even if they go back into business, never again,” one traveler said.
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Spirit Airlines, a Pioneer of Low-Fare Flights, Shuts Down
Spirit once upended the industry by offering very low fares but was in its second bankruptcy in two years after years of struggle.
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Spirit Airlines Prepares to Shut Down
The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
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U.S. Nears Loan to Rescue Spirit Airlines
The Trump administration is negotiating a deal that would provide as much as $500 million to the struggling company, which is in its second bankruptcy in two years.
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Trump Dismisses a Merger While Seeking Suitors for Spirit Airlines
As he rejected the idea of a merger of United Airlines and American Airlines, President Trump said someone, including possibly the federal government, should buy or help Spirit.
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America’s Furniture Stores Struggle to Survive a Frozen Housing Market
Retailers are going bankrupt and liquidating as record-low housing turnover leaves fewer customers looking to furnish homes.
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Vertical Farms Tried to Compete With Open Field Farming. It Isn’t Going Well.
The industry was a darling of the venture capital world 10 years ago. With many farms out of business, the remaining companies have scaled back.
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After Saks Bankruptcy, Richard Baker Says He Saved Luxury Department Stores
Richard Baker wanted to create a retail empire when he combined Saks Fifth Avenue and Neiman Marcus. About a year later, it filed for bankruptcy.
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Founder of First Brands, Whose Bankruptcy Spooked Wall Street, Is Indicted on Fraud
Patrick James, who was earlier ousted from the beleaguered auto-parts maker, is accused by federal prosecutors of faking invoices and lying about hidden debt for years.