The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
Category: United States
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Spirit Airlines Prepares to Shut Down
The New York Times – Business: -
Trump’s Tariff Reversal Reopens a Major Market for Scotch Whisky
The New York Times – Business:A 10 percent tax on American imports was hurting British sales, even though exporters had increased sales in India, China and other countries.
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
The New York Times – Business:American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
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Where in the World Is All That Gold Stored?
The New York Times – Business:As central banks buy more gold, where to put all that heavy metal is an increasingly important question. Reserves must be secure and ready to trade in a crisis.
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Ford Reports Higher Profit Thanks Partly to Tariff Refund
The New York Times – Business:Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that were later struck down by the Supreme Court.
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Loss of Emirates Further Weakens OPEC’s Influence
The New York Times – Business:The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
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Prime Minister Mark Carney Says Canada’s Economy Is Expected to Grow and Deficit to Fall
The New York Times – Business:Prime Minister Mark Carney’s budget update keeps to his path of diversifying away from the United States.
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The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can
The New York Times – Business:Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.
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Budget Airlines Ask Trump Administration for Billions as Fuel Costs Rise
The New York Times – Business:A trade group for the airlines is seeking $2.5 billion to help offset the big jump in jet fuel costs since the start of U.S.-Israeli attacks against Iran.
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United Airlines Says It Pitched American on Merger but Was Rebuffed
The New York Times – Business:United’s chief acknowledged for the first time that he had broached the idea of a merger with American, which was unwilling to consider it.
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Thousands of EV Car Leases Are Ending Soon, Giving Buyers a More Affordable Option
The New York Times – Business:The leases on hundreds of thousands of battery-powered cars and trucks will end in the next three years, and many will end up on used-car lots.