Elon's Masterplan

The media have no idea why he's really seized control of the federal government...But I've spent 25 years connecting the dots no one else can see -- and Musk's true motives will soon shock almost everyone: Named in this video: the #1 investment to make before May 30 -- when this story is all over the financial media.

Spirit Airlines exits bankruptcy protection as travel demand slows

WYATTE GRANTHAM-PHILIPS
March 13, 2025

NEW YORK (AP) -- Discount carrier Spirit Airlines has emerged from bankruptcy protection.

The budget airline -- known for its no-frills, low-cost flights on a fleet of yellow planes -- said Wednesday that its parent, Spirit Aviation Holdings, exited Chapter 11 after finalizing debt restructuring. The reorganization plan, which received the court greenlight last month, aims to bring the carrier back to profitability and boost resources to compete with rivals.

"We're emerging as a stronger and more focused airline," CEO Ted Christie, who will continue to lead Spirit post-bankruptcy, said in a statement.

The restructuring deal allows Spirit to convert $795 million of its debt into equity. The company says it's also received a $350 million equity investment from existing investors to aid future operations.

Spirit filed for bankruptcy back in November, following years of struggles and mounting debt as it failed to bounce back from the COVID-19 pandemic. The Florida carrier was particularly hit hard by rising operating expenses and stiffer competition. By the time of its Chapter 11 filing, the airline had lost more than $2.5 billion since the start of 2020.

Whether Spirit will continue as a standalone airline has also been up in the air, although takeover attempts from budget rivals like JetBlue and Frontier have proven to be unsuccessful before and during the bankruptcy process. Spirit rejected a third bid from Frontier last month.

While future merger proposals may not be entirely off the table, Spirit signaled Wednesday that it would continue to focus its own growth and offerings. Christie noted that the airline would be "moving forward with our strategy to redefine low-fare travel with our new, high-value travel options."

In an evolution from its budget-exclusive roots, Spirit is attempting to tap into the growing market for more upscale travel. It is now offering flight options with tiered prices, the higher-priced tickets coming with more amenities. Last year, months before filing for Chapter 11, Spirit decided to sell bundled fares that include a bigger seat, priority boarding, free bags, internet service and snacks and drinks.

In a message sent to Spirit customers Wednesday, Christie continued to point those four travel options from the airline, which he said "let you choose how you want to fly."

Wednesday's announcement also noted plans to trade shares publicly again, although not immediately. Shares of Spirit previously issued by Spirit Airlines Inc. was canceled upon its exit from bankruptcy -- but it expects to re-list shares, newly-issued under new owners, "as soon as reasonably practicable."

Meanwhile -- between wider economic turmoil, high-profile plane crashes and other consumer uncertainty -- major airlines have issued warnings in recent days about falling demand. Carriers like Delta, Southwest, American have all recently downgraded revenue outlooks for the first quarter.

Continue Reading...

Popular

CDC Considers New Autism Study As Vaccine Safety Debate Persists

The CDC is planning a large study on potential vaccinAutism's links, despite extensive research dismissing any connection.

Japanese automaker Nissan's chief executive steps down after dismal results

TOKYO (AP) — Japanese automaker Nissan Motor Co.'s chief executive, Makoto Uchida, is stepping down after the company reported dismal financial results.

Nvidia Is About to Shock the World: March 17th - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: March 17th! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Indonesian fishermen sue Bumble Bee and say the canned tuna giant knew of abuse in its supply chain

SAN DIEGO (AP) — Lawyers representing four Indonesian fishermen who say they were beaten and trapped on vessels that were part of the global supply chain that provided tuna to Bumble Bee Seafoods filed a lawsuit Wednesday against the canned seafood giant.

Fashion trends for fall: Big shoulders, even bigger coats and a color story to dye for

PARIS (AP) — Paris has spoken, and fashion’s final authority has laid down the law: This coming fall, it’s all about power shoulders, enveloping outerwear, and a color palette that runs from somber to surreal.

13-Second Trump Video Could Trigger AI Shock - Ad

Louis Navellier, the legendary investor who picked Nvidia before shares exploded as high as 3,423%... Just released a video with this 13-second Trump clip about the current AI boom. Please, do NOT buy any AI stock before watching that clip. What President Trump said in that clip could have implications for this AI boom.

Here's what tariffs are and how they work

WASHINGTON (AP) — Tariffs are in the news at the moment. Here's what they are and what you need to know about them:

Trump Threatens Russia With Sanctions Amid Ukraine Conflict As He Pushes For Peace

President Donald Trump is contemplating imposing extensive sanctions and tariffs on Russia. This move aims to pressure Russia into a peace agreement in the ongoing conflict with Ukraine.

Trump and Musk's Secret Plan to Redraw America's Borders - Ad

The world's two most powerful men are reclaiming thousands of acres of abandoned land... and it could make millions for those who understand this new map of America.

Cathie Wood's Ark Invest Continues To Load Up On Tempus AI, Dumps Bitcoin-Focused Block In Tech Meltdown Aftermath

On Tuesday, Cathie Wood‘s Ark Invest executed notable trades, including significant activity involving Tempus AI Inc. (NASDAQ:TEM), Block Inc. (NYSE:XYZ), and DraftKings Inc.<

Takeaways from our investigation on AI-powered school surveillance

Thousands of American schools are turning to surveillance technology for 24/7 monitoring of student accounts and school-issued devices like laptops and tablets.

Three New Patents Reveal Elon and Trump's Secret "Project America" - Ad

Three patents could help President Trump and Elon Musk completely revolutionize a $23 Trillion market. This revolution is about so much more than just self-driving cars. Instead, what Elon's pivoting Tesla towards... Is a market that's 1,000X BIGGER. But a project THIS big can't stay under the radar for long...

Asana Growth Materially Lags Peers, JP Morgan Cuts Price Forecast

Asana's stock (NYSE: ASAN) fell following price target cuts by Wall Street firms despite beating earnings estimates and reporting strong revenue.

China's foreign minister blasts the US over tariffs at his annual meeting with journalists

TAIPEI, Taiwan (AP) — Along with against the United States, China’s Foreign Minister Wang Yi reasserted China’s South China Sea claims, blasted Japan for its past aggression and covered a wide range of other issues during his annual meeting with the press. Here are some of the key topics covered during his Friday press conference.

Is 2025 Really the Best Time to Get Rich in American History? - Ad

The first 365 days of the Trump presidency...Will be the best time to get rich in American history. However, this "Trump Bump" will also be the final one we'll ever get. Over the next 12 months... One specific investment is set to blast off. But, I'm not talking about stocks. And I'm not talking about bitcoin.

TeraWulf Stock Tanks: Death Cross Spells Trouble For Bitcoin Miner

TeraWulf Inc. (NASDAQ:WULF) hit a technical roadblock, forming a Death Cross — a classic bearish signal that suggests trouble ahead.

Rayonier Agrees To $710 Million New Zealand JV Sale, Aims To Strengthen US Operations And Reduce Debt

Rayonier agrees to sell its 77% stake in New Zealand joint venture for $710 million, aiming to reduce leverage and return capital to shareholders.

Own AI Stocks? Do This Before March 17th - Ad

This tiny tech--smaller than a quarter--could ignite the next AI boom by March 17th! It's powering Elon Musk's $9T project, and one "silent partner" stock could skyrocket. If you missed Nvidia's 22,000% run, this could be your second chance. Click now--before it's too late!

Alibaba Unveils New AI Chip To Power China's Open-Source Tech Push, Challenge US Chip Giants

Alibaba's new processor, XuanTie C930, boosts China's semiconductor industry by promoting open-source chips & AI acceleration, amid US sanctions.

Sam Bankman-Fried Says 'When Rubber Meets The Road' On Crypto's Fate Under Trump, Slams Biden's Policies

Disgraced cryptocurrency mogul Sam Bankman-Fried weighed in on the future of digital assets under President Donald Trump’s administration, according to an interview from his prison released Thursday.

Strikes and Economic Unrest: Are You Prepared for What's Coming? - Ad

Louis Navellier has issued a chilling warning about the economic turmoil gripping America today. The rapid advancement of artificial intelligence and automation is reshaping industries and posing threats to jobs, pushing America's financial system to its limits. If you're not prepared, it could devastate your savings, investments, and even your retirement.

Tesla Out, Ford In: City Of Baltimore Goes 'In A Different Direction' Reversing EV Deal From 2024

Tesla is losing an EV city fleet deal in Baltimore to Ford. A look at what happened and how politics may have factored into the decision.

What's Going On With Kohl's Stock Wednesday?

Kohl's stock may be moving on continued weakness after the company reported fourth-quarter financial results and issued guidance on Tuesday.

Stocks to Crash on March 16, 2026? Here's Compelling Reason Why - Ad

Perhaps no one on or off Wall Street has been more accurate calling the bull and bear turns of the past 7 years. From the bear markets of 2018 and 2022... to the roaring bull runs of 2021, 2023, and 2024. And now, Marc Chaikin is predicting the next crash will start March 14, 2026. If you have money in the markets, Chaikin's thesis is a must-see.

China imposes retaliatory tariffs on Canadian farm and food products

BEIJING (AP) — China on Saturday announced retaliatory tariffs on some Canadian farm and food imports, after Canada imposed duties in October on Chinese-made electric vehicles and steel and aluminum products.

Trump signs executive order to establish government bitcoin reserve

President Donald Trump signed an executive order Thursday establishing a , a key marker in the cryptocurrency's journey towards possible mainstream acceptance.

Trump, Musk & the Gold Play No One Sees Coming - Ad

Fort Knox mystery could send gold skyrocketing. Because the real danger isn't missing gold. It's decades of Fed manipulation collapsing overnight. Right now, I've uncovered 5 major gold predictions that could make this Fort Knox moment even bigger than people realize. One of them is already unfolding.

Cathie Wood Stands By 'Deflationary Boom' Call As Gene Munster Compares Market Turmoil To Dot-Com Bubble

Ark Funds CEO Cathie Wood forecasts a "deflationary boom" as markets tumbled on Monday, with the Magnificent Seven tech stocks shedding approximately $780 billion in market capitalization.

Options Corner: Surging Precious Metals Demand Could Lift Lagging Barrick Gold

Although Barrick Gold has underperformed the namesake asset, both fundamental and technical winds appear to favor GOLD stock.

This Bear Market Blueprint Could Save Your Retirement - Ad

The crisis we warned about is here--sky-high interest rates, spiraling debt, and AI-driven job losses are reshaping the economy. Waiting for "normal" is a mistake. The rules of wealth have changed. Get my Bear Market Blueprint--a 4-step plan to protect & grow your money. Normally $297--FREE to our subscribers!

Asian shares slip as investors brace for further uncertainty over tariffs, await US jobs report

BANGKOK (AP) — Asian shares were mostly lower on Friday, with Tokyo’s benchmark down more than $2 after a on Wall Street.

Panama president calls Trump's talk of 'reclaiming' the Panama Canal a lie

PANAMA CITY (AP) — Panama President José Raúl Mulino on Wednesday accused U.S. President Donald Trump of lying when he said in his address to Congress that his administration was “reclaiming” the Panama Canal.

Buffett, Bezos, and Congress Are Betting Big on This One Sector - Ad

This corner of the market is NOT artificial intelligence... Crypto... or any other familiar sector or strategy. Instead...It's a sector that the U.S. Gov't spends 6-TIMES more on, than our own ENTIRE military defense budget. Don't let recent market uncertainty keep you in the dark on this massive opportunity.

Here's Why Reddit's Ad Revenue Growth Is Outpacing Other Social Media Giants

Reddit Inc (NYSE: RDDT) has been identified as the social media platform with the fastest growing ad revenue.

Stock market today: Asian stocks are mixed as week starts with uncertainty over tariffs

BANGKOK (AP) — Asian stocks got a mixed start to trading Monday as uncertainty persisted over what President will do with tariffs.

Millionaire Trader: "My No. 1 Stock of the Decade" (Revealed Free) - Ad

The stock revealed right here just may be millionaire trader Jeff Clark's favorite stock ever. Because this one stock alone has been responsible for some of the biggest gains he's ever handed my readers... 195% in under a month... 85% in 14 days... 176% in 5 weeks... 120% in under 3 months... 55% in two days... 138% in 8 days... And even 222% in 8 days.

Explainer: What's a recession and why is rising anxiety about it roiling markets?

WASHINGTON (AP) — Stock markets , consumers and businesses have started to , and economists are marking down their estimates for growth this year, with some even seeing rising odds of a recession.

Warren Buffett on Debt and Donald Trump's Money Moves: Trump 'Never Went Right'

In a piece of advice that continues to hold relevance, investor Warren Buffett once warned students about the perils of excessive borrowing, citing Donald Trump as a case in point.

The $20 Trillion Secret of Room 3330 - Ad

Developed by the U.S. military 79 years ago, this controversial technology is about to change American life forever: Elon Musk has already funneled $6 billion to resurrect this covert project -- and the companies involved are minting 10,000 millionaires every week [Goldman Sachs].

MSTR Stock Plunges Over 6% In Monday Pre-Market: What's Going On?

The shares of Strategy Inc. (NASDAQ:MSTR) fell 6.1% during the pre-market trading session on Monday following a sharp decline in the price of Bitcoin (CRYPTO: BTC)

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright priceactionea.net
Privacy Policy | Terms of Service