Thursday, February 6th, 2025 Press Release: 2024 annual sales Sales growth of +5.1%, driven by Other Dairy Products in a context of continued milk prices inflation Key figures in €M 31/12/24 % of Sales 31/12/23 % of sales % Changes <td style="width:37.8px;;text-align: center ; vertical-align: middle; border-top: solid black 1pt ; bo ...

Spirit Airlines is laying off approximately 200 employees as part of an effort to reduce expenses as the company looks to emerge from bankruptcy, the company said.The airline’s top executive, CEO Ted Christie, informed employees of the job cuts on Wednesday evening.Christie came under fire from Spirit shareholders late last year after it was learned that he had received a multi-million dollar retention bonus just a week before the company filed for Chapter 11 protection. 4 Spirit Airlines is laying off 20 ...

In November, Spirit Airlines filed for Chapter 11 bankruptcy protection. The icon of U.S. budget air travel hasn't had a profitable year since 2019, and it's lost more than $2 billion since 2020.How did it get here? The Covid-19 pandemic was devastating to all airlines, but that was just the start of Spirit's financial woes. The airline industry has faced supply chain problems and rising costs, including higher wages for its tens of thousands of employees. In addition, Spirit has faced a Pratt & Whitney eng ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ Form 10-Q _______________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commiss ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

KEY TAKEAWAYSSpirit Airlines shares are rising in premarket trading after the budget carrier said Monday it filed for bankruptcy protection and reached an agreement to restructure its debt with its bondholders.Still, its shares are down more than 90% this year through Friday's close.Spirit said its its flights will continue normally during the bankruptcy process. Spirit Airlines (SAVE) said Monday it filed for bankruptcy protection and reached an agreement to restructure its debt with its bondholders. Its s ...

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 and a failed attempt to sell the airline to JetBlue.Spirit, the biggest US budget airline, has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion over the next year.Spirit said it expects to operate as normal as it works its way through a prearranged Chapter 11 bankruptcy process a ...

Spirit Airlines has filed for Chapter 11 bankruptcy protection following significant financial struggles due to mounting losses and debt maturities, the airline announced Monday. The filing comes after two failed mergers in less than two years – one recently with Frontier and another earlier in 2024 with JetBlue – which left the ultra-low-cost carrier in a bind after repetitive quarterly losses.In October, Spirit announced plans to sell multiple aircraft and lay off workers as it tried to raise cash and rev ...

In this articleSAVEA passenger waits for assistance at the Spirit Airlines check-in counter in the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first major U.S. passenger carrier to do so since American Airlines 13 years ago.The budget-travel icon is not shutting down, however. The filing will buy Spirit time and protection to restructure so the carrier can continue flying ...

Advertisement Spirit Airlines has filed for Chapter 11 bankruptcy protection, it said Monday.The airline will continue to operate as normal, and all tickets remain valid, it added.Spirit has struggled since a proposed merger with JetBlue was blocked by a federal judge in March.Spirit Airlines has filed for Chapter 11 bankruptcy protection, it said Monday morning.In an open letter to customers, the budget airline said people can continue to book tickets and fly as normal as it undergoes a financial restruct ...