Latest Recessions and depressions News
US budget airlines are struggling. Will pursuing premium passengers solve their problems?
DALLAS (AP) — Delta and United have become the most profitable U.S. airlines by targeting premium customers while also winning back a significant share of travelers on a tight budget. That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy...
Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom
Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the airline to JetBlue. Spirit, the biggest...
Spirit Airlines filed for bankruptcy. What does that mean for travelers?
NEW YORK (AP) — Spirit Airlines, the largest budget carrier in the U.S., filed for Chapter 11 bankruptcy protection Monday. The airline said customers should not see any disruption to their travel plans while the process unfolds. The filing followed years of struggles for the...
Company affiliated with Alex Jones seeks to disqualify The Onion's auction bid on Infowars
A company affiliated with conspiracy theorist Alex Jones asked a federal judge on Monday to disqualify a bid by the satirical news outlet The Onion to buy Jones' Infowars at a bankruptcy auction, alleging fraud and collusion. The company, First United American Companies, which is...
Greece to repay chunk of bailout debt early and touts recovery during anger over cost of living
ATHENS, Greece (AP) — Greece will make an early repayment of 5 billion euros ($5.3 billion) in bailout-era debt in 2025, Prime Minister Kyriakos Mitsotakis told a banking conference in Athens on Monday, describing the move as a signal of the country's fiscal recovery. “This ......
First batch of Boy Scout art raises over $3.7 million for those abused while scouting
DALLAS (AP) — The first batch of artwork from the Boy Scouts of America's collection raised over $3.7 million at auction Friday to help pay the compensation owed to those who were sexually abused while in scouting. The 25 works that sold are among over 300 from the Boy Scouts that...
What happens next in The Onion's effort to buy Alex Jones' Infowars
The Onion’s winning bid for Alex Jones ’ Infowars platform is under review by a federal bankruptcy judge after Jones and his lawyers complained about how an auction was conducted. The satirical news outlet was announced as the winning bidder on Thursday in an auction that is part...
UK Treasury chief says she's not satisfied by paltry third-quarter economic growth
LONDON (AP) — Britain's Treasury chief Rachel Reeves said Friday that she is “not satisfied” by official figures showing the British economy's rebound from recession slowed down sharply in the third quarter of the year, as the country's top central banker voiced his concerns about the...
Satire publication The Onion buys Alex Jones' Infowars at auction with Sandy Hook families' backing
The satirical news publication The Onion was named the winning bidder for Alex Jones' Infowars at a bankruptcy auction Thursday, backed by families of Sandy Hook Elementary School shooting victims whom Jones owes more than $1 billion in defamation judgments for calling the massacre a hoax. ...
Diamond Sports Group can emerge out of bankruptcy after having reorganization plan approved
Diamond Sports Group, the largest owner of regional sports networks, can emerge out of bankruptcy after having its reorganization plan approved Thursday. Judge Christopher Lopez gave the go ahead during a hearing in U.S. Bankruptcy Court in Houston that lasted 90 minutes. ...
