Medical transportation firm Modivcare filed for bankruptcy in an effort to shed $1.1 billion of debt, after federal health-care funding cuts complicated the company’s future finances https://t.co/MXy901E98D ...

Market Trends - U_S_ bankruptcies reach the highest level since the 2020 pandemic [1]

yea it's over https://t.co/3XXtYNQZdDPolymarket (@Polymarket):BREAKING: U.S. bankruptcies surpass COVID pandemic levels. ...

Spirit warned investors late Monday that it may not survive after revenue dropped, losses kept piling up and it continued to burn through cash just five months after emerging from bankruptcy https://t.co/rz2SgBzJEz ...

rookie movecould have just bought magic internet coins and became a top 10 treasury stock within secondsunusual_whales (@unusual_whales):BREAKING: Beyond Meat, $BYND, headed to Chapter 11 bankruptcy, per the Street ...

Eastman Kodak on Monday warned it could soon declare bankruptcy for the second time this century. Its last bankruptcy, in 2012, nudged it toward licensing deals, one of which got the company involved in a dubious and poorly timed cryptocurrency venture. https://t.co/qLjGPpFnAy ...

Core Viewpoint - Spirit Airlines is facing a critical financial situation, warning it may not survive the next year without a significant cash infusion, just five months after emerging from bankruptcy protection [1][4]. Company Summary - The airline reported a decline in leisure trip bookings within the US and is struggling with intense competition, making it difficult to meet financial targets set post-bankruptcy [1][4]. - Spirit Airlines has expressed "substantial doubt" about its ability to continue operations beyond the next 12 months without new capital, citing uncertainties in cost-cutting efforts and ongoing negotiations with stakeholders [4][18]. - The company may need to provide additional collateral to its credit card processing partner to maintain that relationship [4]. - Spirit Airlines filed for Chapter 11 bankruptcy in November, marking the first major US carrier to do so since 2011, following years of losses, a failed takeover bid by JetBlue Airways, and a significant engine recall [5][9]. - The airline's restructuring plan eliminated approximately $795 million in debt, introduced $350 million in new equity, and established a $275 million credit line [9]. - The recent leadership change saw former CEO Ted Christie replaced by Dave Davis, as the company aims to appeal to higher-spending travelers and revamp its frequent flyer program [10]. Financial Performance - Spirit reported a net loss of $143 million for Q1 2025 and a second-quarter net loss of $245.8 million, worsening from a loss of $192.9 million in the same period last year [11][14]. - The airline's financial struggles are exacerbated by elevated capacity in the domestic market, leading to pressure on ticket prices, and higher operating costs due to tariffs [17]. - Spirit's business model, focused on short-haul leisure routes, leaves it vulnerable to declines in vacation travel, unlike some competitors who have benefited from strong international traffic [18]. Strategic Moves - The company is exploring the sale of non-core assets, including surplus planes, airport gates, and slots, to shore up finances, although there is no guarantee these efforts will be successful or timely enough to alleviate financial strain [19].

Upheaval on Puerto Rico’s financial oversight board is slowing down the bankruptcy of its power utility as the judge overseeing the case suspended a near-term filing deadline and asked for a status update on the board. https://t.co/Zc2AeHBc4N ...

America's quintessential mall retailer. Claire's has filed for bankruptcy again. Claire's, which is known for its endless aisles of accessories and having pierced over 100 million years, first filed for bankruptcy in 2018.That was because it couldn't repay the $1.9% billion at owed at the time. And after years of trying to turn around its business, it's been met with the same fate yet again. You're just not seeing your tweens and teens looking to storefronts to see what the trends are.They're looking online ...

US retailer Claire’s has filed for its second Chapter 11 bankruptcy, months after President Donald Trump’s tariff plans created uncertainty for how the pre-teen-focused retailer’s global supply chain will be affected https://t.co/5qWs6SHoBM ...