Saks Global took a big step forward in its bankruptcy case on Friday when a federal judge gave the final sign-off on the debtor-in-possession financing meant to see it through the Chapter 11 process and back to solvency. The “first-day hearing” last month was a dramatic affair, with Amazon trying to hold up the financing over a commercial agreement that it said was backed by the retailer’s famed Fifth Avenue flagship. Amazon invested $475 million into Saks when it bought Neiman Marcus Group in late 2024, ...

Core Viewpoint - Spirit Airlines is facing significant financial challenges, including a potential shutdown, but has secured short-term financing to continue operations and restructure its business [1][2]. Financial Situation - Spirit Airlines filed for bankruptcy for the second time in August 2025 and is projected to incur a loss of at least $804 million by the end of the year [1]. - The airline has recently furloughed or downgraded over 500 pilots as part of its cost-cutting measures [1]. Operational Developments - In response to shutdown rumors, Spirit Airlines stated that it is not preparing to cease operations and announced a $100 million short-term financing package from investors [2]. - The financing includes $50 million in debtor-in-possession funding available immediately, with the remaining $50 million contingent on progress in restructuring efforts [2][5]. Restructuring Efforts - Spirit Airlines is actively negotiating various options to improve its financial situation, with support from lenders as part of its transformation [3]. - The recent financing update is part of a larger $450 million debtor-in-possession financing plan approved by a bankruptcy court [3][4]. Future Outlook - The airline continues to operate flights and sell new tickets while securing new funding, indicating ongoing efforts to stabilize its business [5].