Spirit, whose last profitable year was 2019, had challenges even before the ruling including grounded planes, softening demand and rising costs.
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The weight loss drug market may soon get more crowded – here are the companies trying to enter the booming space
Wall Street has been focused on Novo Nordisk, Eli Lilly and other large drugmakers hoping to join the weight loss drug market, such as Pfizer, […]
Continue readingHoliday sales climb, boosting retailer hopes that shoppers will spend during uncertain 2024
Holiday spending was more in line with pre-pandemic levels but reflected the resilience of consumers heading into 2024.
Continue readingSpirit Airlines shares sink 20% in second day of losses after judge blocks JetBlue merger
It’s Spirit’s second day of double-digit losses after a judge blocked its proposed merger with JetBlue Airways.
Continue readingHomebuilder sentiment improves for second straight month, following drop in mortgage rates
Homebuilder sentiment improved in January, jumping 7 points to 44 on the National Association of Home Builders monthly index.
Continue readingJamie Dimon warns ‘all these very powerful forces’ will impact U.S. economy in 2024 and 2025
Dimon has remained cautious over the past few years, despite record profits at JPMorgan Chase and a U.S. economy that has defied expectations.
Continue readingFlight disruptions linger as winter storms, Max 9 grounding snarl travel
Airlines canceled more than 1,800 U.S. flights Tuesday as winter weather continues to disrupt travel for millions of travelers.
Continue readingPentagon awards $2.5 billion in satellite contracts to L3Harris, Lockheed Martin and Sierra Space
The Space Force unit on Tuesday announced about $2.5 billion in satellite contracts would go to L3Harris, Lockheed Martin, and Sierra Space.
Continue readingBoeing appoints independent advisor to lead 737 Max 9 review as groundings stretch on
Retired Admiral Kirkland Donald will lead a review of Boeing’s quality management system and provide a report to CEO Dave Calhoun.
Continue readingClassic car auction site Bring a Trailer’s sales hit record $1.4 billion even as prices drop
Bring a Trailer’s sales climbed in a rare bright spot for the classic-car market.
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