Airlines
Spirit Airlines Enters Chapter 11 Bankruptcy
The bankruptcy filing comes as the carrier recorded increasingly steep losses post-pandemic.
Meghna Maharishi
Meghna Maharishi is Skift's Airline Reporter, where she covers everything from loyalty programs to policy-making in Washington, D.C. She previously covered the airline industry at The Points Guy, worked on the investigative desk at CNBC, and did data visualization at CNN Politics.
Airlines
Spirit Airlines in Advanced Talks Over a Bankruptcy Filing, WSJ Says
The Journal reported that Spirit is looking to bankruptcy after talks with Frontier about reviving a merger broke down.
Airlines
Ben Baldanza, the Transformative Former CEO of Spirit Airlines, Dies at 62
Ben Baldanza, who pioneered the modern ultra-low-cost business model in the U.S. and turned Spirit into one of the most profitable airlines, has died following a battle with ALS.
Airlines
Southwest Names IndiGo Co-Founder as Independent Board Chair
Gangwal’s appointment marks the end of a tense battle with activist investor Elliott, which had long been pushing for significant leadership changes at Southwest.
Airlines
Boeing Ups Offer to Machinist Union in Bid to End Strike
The latest offer includes a 38% general pay raise over four years. The union urged its members to vote in favor of the proposal to avoid a “regressive or lesser offer in the future.”
Airlines
JetBlue Results Underwhelm, Executives Push Loyalty Program and Premium Offerings
JetBlue’s third-quarter took a hit from Hurricane Milton and executives say they expect more weakness due to the 2024 presidential election.
Airlines
U.S. Ups Pressure on Airline Industry With New Inquiry 2 Weeks Before Election
After the Justice Department said it would launch an inquiry into the state of airline competition, the airline and travel industries criticized the move as politically motivated.
Airlines
Spirit Airlines' Latest Move to Raise Cash: A $519 Million Aircraft Sale
Spirit Airlines is looking for more ways to boost its balance sheet. The aircraft sale would considerably decrease Spirit’s capacity for 2025.
Airlines
Southwest Appoints 6 New Directors, CEO Bob Jordan Hangs On in Deal With Elliott
The appointment of the new directors ends Southwest’s months-long battle with Elliott, which was poised to turn into a proxy fight.
Airlines
American Airlines Earnings Trail Competitors as It Resets Distribution Strategy
American reported a third-quarter loss as its competitors profits nearly hit $1 billion. It still has a long road to recovery over a botched distribution strategy that caused it to lose out on lucrative business travel.