Airline Industry News
A collection of Airline latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Airline Stocks Get Boost on Report of Spirit Airlines Planning to Shut Down
The gains were most pronounced for other low-cost carriers. Shares of Frontier Group Holdings were up 13% to $4.09, while JetBlue Airways stock also advanced 13% to $5.25. Larger carriers also saw their shares gain. Delta Air Lines gained 3.6%…
No to a Spirit Airlines bailout
President Donald Trump is currently considering a bailout or partial nationalization of the floundering budget airline Spirit Airlines. The president's instinct to intervene is the same instinct that led Spirit down the path that resulted in two…
Trump hints at bailout for major airline as passengers demand refunds
President Donald Trump has hinted at a potential bailout for a major US airline teetering on the brink of bankruptcy - as disgruntled passengers flood social media with demands for refunds. Trump revealed on Friday that his administration was still…
Spirit Airlines prepares to cease operations amid financial struggles and high oil prices
Spirit Airlines is preparing to cease operations after the beleaguered company ran out of cash and a rescue attempt by the Trump administration appeared to stall. The company struggled to make a deal with its creditors and secure funding to…
Don't put taxpayers on the hook for subsidizing low-budget airlines
That should have been the end of it. Instead of taking the outcome as a signal that intervention had already gone too far, the Trump administration is now considering a bailout that could leave taxpayers owning most of the company. In other words…
Southwest Airlines Co. stock outperforms competitors on strong trading day
Shares of Southwest Airlines Co. LUV advanced 2.22% to $38.76 Friday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.29% to 7,230.12 and the Dow Jones Industrial Average DJIA…
Frontier and JetBlue positioned to lead as Spirit Airlines fades
Shares of JetBlue Airways and Frontier Airlines jumped sharply on Friday morning after a Wall Street Journal report said Spirit Airlines is preparing to shut down operations, sending shockwaves through the aviation sector. JetBlue rose 7.4 percent…
Trump says a 'final proposal' to rescue Spirit Airlines is under consideration
The possibility of a bailout first emerged publicly last week, when Trump floated the idea of the U.S. government offering Spirit a financial lifeline to help keep the airline from going bust and out of business. The president suggested the…
How the Trump Administration's Spirit Airlines Rescue Unraveled
Spirit Airlines' time ran out Thursday evening. In a 15-minute phone call, Commerce Secretary Howard Lutnick and Spirit Chief Executive Dave Davis agreed that the budget carrier had run out of options. Davis, an industry executive picked to lead…
United Airlines Holdings Inc. stock outperforms competitors on strong trading day
Shares of United Airlines Holdings Inc. UAL advanced 2.80% to $92.52 Friday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.29% to 7,230.12 and the Dow Jones Industrial Average…
Spirit Airlines preparing to shut down if bailout deal isn't reached: Reports
(KTLA) – Spirit Airlines may be reaching the end of the runway. After months of negotiations, the discount carrier is preparing to cease operations unless they can reach a critical government bailout deal, according to The Wall Street…
Rival airlines 'stand ready to assist' Spirit Airlines customers
Several major airlines said Friday that they'll aid Spirit Airlines customers if the budget carrier suddenly goes out of business. Why it matters: Spirit is said to be on the verge of ceasing operations after failing to land a government bailout…
Airlines stand by to help Spirit customers with operations set to cease at 3 am
Multiple airlines said on Friday they are prepared to assist Spirit Airlines customers in case the budget carrier shuts down, which is expected at the moment. Spirit is set to cease operations at 3 a.m. Saturday if no deal to save its business is…
Spirit Airlines Is Reportedly Preparing to Shut Down - TT
Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport. (Eva Marie Uzcategui/Bloomberg) Spirit Aviation Holdings Inc. is laying the groundwork to shutter its operations as it runs increasingly low on cash, according to people…
Trump says a 'final proposal' to rescue Spirit Airlines is under consideration
President Donald Trump said Friday that his administration was still weighing a taxpayer-funded takeover of Spirit Airlines, with talks ongoing and no final decision yet on whether to move forward with a potential bailout for a carrier mired in…
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