The Daily Money: Spirit Airlines files financial setback
The Daily Money: Spirit Airlines files financial setback
excellent morning and welcome to a recent week! This is Betty Lin-Fisher with The Daily Money.
Spirit Airlines filed for financial setback protection today after the pioneer of no-frills trip in the U.S. struggled with a long run of quarterly losses, failed union attempts and looming obligation maturities.
Spirit’s troubles deepened after the collapse of its $3.8 billion planned union with JetBlue Airways in January and the impact of a snag with a manufacturer’s engine that grounded many of Spirit’s aircraft, according to my co-worker, Zach Wichter.
What does this cruel for your upcoming Spirit flights?
How will Trump tariffs affect U.S. manufacturers?
President-elect Donald Trump has promised a “manufacturing renaissance” upon his profitability to the White House, pledging tariffs to bolster companies that make products within the U.S.
The concept is to drive up the worth of imported goods to make American-made products more appealing, according to my co-worker, Bailey Schulz.
What does this cruel for U.S. manufacturers?
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About The Daily Money
Each weekday, The Daily Money delivers the best customer and monetary information from USA TODAY, breaking down complicated events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
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