For decades, the company made money even as other airlines stumbled and went bankrupt. But the carrier has struggled to adapt to changes in air travel.
Category: Prices (Fares, Fees and Rates)
-
New York City Hotel Rates Soar to Record Heights as Holiday Travel Nears
Hotels charged an average of $417 per night in September, the highest monthly rate ever for the city. “I don’t understand how normal people can go there,” one tourist said.
-
Biden’s Chief Economist Processes the Election With ‘Confusion, Guilt’
Jared Bernstein, the chair of the White House Council of Economic Advisers, was a leading architect of “Bidenomics.”
-
Trump Promised to Halve Energy Costs in 18 Months. Experts Have Doubts.
A president has little control over global oil markets, economists say.
-
Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow
The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.
-
TKTS to Open Booth in Philadelphia, Hoping to Boost Local Theaters
The first domestic TKTS outpost outside New York comes at a time of rising concern about ticket prices and theater economics.
-
Walmart Sees ‘Momentum’ Ahead of Holiday Shopping Season
The bellwether retailer reported higher-than-expected sales in its latest quarter and upgraded its forecast for the rest of the year.
-
What the Spirit Airlines Bankruptcy Could Mean for Travelers
Flights will still take off and travelers can keep booking tickets, the low-cost carrier said, as the company enters Chapter 11 bankruptcy.
-
How Trump’s Plans for Immigration, Tariffs and the Fed Could Affect the Economy
Economists are trying to guess at how Trump policies could affect growth and inflation. The uncertainties are huge.
-
Spirit Airlines Files for Bankruptcy
The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.
-
Why Oil Companies Are Walking Back From Green Energy
As leaders gather for a global climate summit, investors are rewarding oil giants like Exxon Mobil that did not embrace wind and solar.