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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 […]
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American Airlines CEO says merger with United would be ‘bad for customers’
American Airlines CEO Robert Isom said a potential merger with rival United Airlines would hurt consumers and would be anti-competitive. United CEO Scott Kirby floated the idea of a possible merger with American to a Trump administration official earlier this year, according to people familiar with the matter, eyeing a global expansion that could take […]
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American Airlines cuts 2026 earnings projections after surge in jet fuel
An American Airlines flight lands at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S., Nov. 7, 2025. Nathan Howard | Reuters American Airlines on Thursday cut its 2026 earnings forecast, becoming the latest airline to lower its outlook after a surge in fuel costs added billions to expenses this year. American said it could […]
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Southwest Airlines forecasts quarterly earnings below estimates on higher fuel
A Southwest Airlines Boeing 737 airplane lands at Los Angeles International Airport after arriving from Chicago on March 7, 2026 in Los Angeles, California. Kevin Carter | Getty Images Southwest Airlines forecast second-quarter earnings below analyst estimates, citing higher fuel prices, while the carrier held off on updating its full-year 2026 forecast. Southwest expects to […]
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Trump administration in advanced talks for Spirit Airlines rescue package, source says
The Trump administration is in advanced talks for a financing package for Spirit Airlines as the carrier is facing the risk of a liquidation, according to a person familiar with the matter. The iconic discounter Spirit has been challenged for years by rising costs, changing consumer tastes, an engine recall and a court-blocked plan to […]
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Boeing narrows loss as aircraft deliveries rise, says it expects new 737 Max certifications this year
Boeing CEO Kelly Ortberg speaks at Boeing Field at an event announcing Alaska Airlines’ order for 105 737 MAX 10s and five 787-10 Dreamliner jets, in Seattle, Washington, U.S., January 7, 2026. Dan Catchpole | Reuters Boeing reported a smaller than expected loss for the first quarter, with improvements across its businesses, including its key […]
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United Airlines slashes 2026 forecast as fuel costs surge
A United Airlines Airbus A321 plane approaches the runway at Denver International Airport (DEN) on March 23, 2026 in Denver, Colorado. Al Drago | Getty Images United Airlines slashed its 2026 earnings outlook Tuesday as it grapples with a surge in jet fuel prices due to the war in the Middle East. United said it […]
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Trump says ‘maybe’ government should help struggling Spirit Airlines
President Donald Trump said Tuesday that the federal government could help struggling Spirit Airlines as the discount carrier faces the possibility of liquidation. Trump told CNBC’s “Squawk Box”: “I don’t mind mergers. I think I’d love somebody to buy Spirit, as an example. You know, Spirit’s in trouble. … Maybe the federal government should help that […]
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Airline CEOs urged by lawmaker to lower fares if fuel prices come down
A JetBlue aircraft lands under the DC skyline featuring the U.S. Capitol building, near United Airlines, American Airlines and Delta Airlines aircraft on the tarmac at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S. January 25, 2025. Jim Urquhart | Reuters A U.S. lawmaker is urging the CEOs of the country’s largest airlines to […]
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United CEO had been considering a merger last fall, months before bringing it up to the Trump administration
United Airlines CEO Scott Kirby, joined by U.S. Vice President JD Vance and Transportation Secretary Sean Duffy, speaks to reporters outside the White House on Oct. 30, 2025 in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images United Airlines CEO Scott Kirby raised the idea for an airline merger with the Trump […]
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