CNBC’s Andrew Ross Sorkin reports on the latest news.
Source
Airlines brace for record travel
Travel
Clock ticks on Spirit Airlines as bondholders weigh Trump bailout. Here’s what could happen next
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines’ future is hanging in the balance over the next week as President Donald Trump said the government could bail out the […]
Read More
Travel
Point to point leisure airline model has not made money since 2020, says Barclays’ Brandon Oglenski
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brandon Oglenski, Barclays senior airlines analyst, joins ‘The Exchange’ to discuss a potential bailout of Spirit Airlines, mergers and acquisitions in the industry and much more. Source
Read More
Travel
Spirit Airlines lawyer says cash ‘not going to last for very much longer,’ but government rescue on the table
A Spirit Airlines plane at New York’s LaGuardia Airport. Leslie Josephs/CNBC Spirit Airlines’ accessible cash to keep operating won’t last long and a government rescue package is on the table, a lawyer for the struggling budget carrier said at a hearing Thursday. The company needs access to existing cash or new funding in the next […]
Read More