Spirit Airlines

The immediate access to $50 million will allow Spirit to stay afloat in the short-term. The airline's creditors are meeting Wednesday and it is widely expected that they will discuss Spirit’s third round of bankruptcy financing.

The job cuts come after Spirit received a multi-million-dollar lifeline from a U.S. bankruptcy court, giving the ultra-low-cost carrier more legroom to stay afloat.

JetBlue is placing a big bet that it can grow its network and cultivate a premium customer base out of the Florida city.

Frontier CEO Barry Biffle defended ultra-low-cost carriers from critics like United CEO Scott Kirby at the Skift Global Forum.

The move comes after Spirit’s CEO told staff to be prepared for job cuts as it reduces capacity to stay afloat.

Spirit CEO Dave Davis told staff the company could cut more jobs as a result of its plans to significantly reduce capacity this year.

Frontier CEO Barry Biffle was critical of recent remarks United’s CEO made on ultra-low-cost carriers surviving in the U.S.

JetBlue is the latest airline to expand in Spirit fortress Fort Lauderdale, hoping to capitalize on the ultra-low-cost carrier’s uncertain future.

United Airlines CEO Scott Kirby said he was confident in the strength of the U.S. economy after a disappointing jobs report spurred concerns the economy is slowing down.

JetBlue’s upbeat statement is a welcome change, but it’s being measured against a very low bar. The airline’s problems have been years in the making, and it’ll take more than a good month to turn things around.