Spirit Airlines mulls bankruptcy, sending its stock price into nosedive
CBSN
Spirit Airlines is considering declaring bankruptcy after a proposed merger with Frontier Airlines fell apart.
The Miramar, Florida-based discount airline is expected to file for bankruptcy protection from its debts in as little as 10 days or within weeks, sources familiar with the matter confirmed to CBS News. The Wall Street Journal first reported the looming bankruptcy filing.
Spirit acknowledged in a regulatory filing late Tuesday that it is in "active and constructive discussions" with bondholders to restructure its obligations as its business woes continue. If the talks succeed, the airline expects operations to continue, and for employees and customers to be shielded from any impact.
President-Elect Donald Trump will nominate GOP Rep. Matt Gaetz of Florida to serve as his attorney general, according to a social media post on his Truth Social account.
The homes of Kansas City Chiefs stars Patrick Mahomes and Travis Kelce were broken into last month, CBS affiliate KCTV5 reported, citing law enforcement.
The Guardian will no longer post its content under its official account on X, the British newspaper announced on Wednesday.
Washington — Senate Republicans on Wednesday elected Sen. John Thune as leader, anointing a new standard bearer to replace Mitch McConnell at the party's helm in the upper chamber.
A 35-page list compiled by the Florida Department of Education outlines hundreds of books banned across the state's 73 school districts during the 2023-2024 academic year.
President Biden will meet with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation summit in Lima, Peru, on Saturday, senior administration officials told reporters Wednesday.
Spirit Airlines is considering declaring bankruptcy after a proposed merger with Frontier Airlines fell apart.
More than $20 billion flooded into the 2024 presidential campaign, shattering the record for political spending in a single election. In an accelerating trend in American politics, Donald Trump, Kamala Harris and their allies raised colossal sums of money from billionaires.
Two more monkeys that escaped last week from a South Carolina research facility were recaptured Tuesday, according to the facility's CEO, bringing the total number of primates caught and returned to 32 since the incident. Eleven monkeys are still on the loose.
President-elect Donald Trump and President Biden are meeting at the White House on Wednesday as part of the transition process, a formality that Trump didn't extend to Mr. Biden in 2020.
(CBS DETROIT) — "Full House" star and St. Clair Shores native Dave Coulier announced Wednesday morning that he has been diagnosed with stage 3 non-Hodgkin lymphoma.