Emerging from Chapter 11, Spirit Airlines is launching new premium cabin options and revamping its loyalty program in a strategic pivot aimed at attracting business travelers while retaining its budget-conscious core.
Spirit Airlines has reached a key agreement with lenders, paving the way for the budget carrier to emerge from Chapter 11 restructuring by early summer as a leaner, refocused airline.
The embattled low-cost carrier secures creditor support for a Chapter 11 exit plan, aiming to emerge by summer with a vastly lighter debt load and a renewed focus on profitability.
With Spirit Airlines shrinking operations under bankruptcy protection, JetBlue executives confirm detailed contingency plans are ready to deploy, centering on the crucial Fort Lauderdale hub.
In a dramatic restructuring effort to exit bankruptcy, ultra-low-cost carrier Spirit Airlines announces plans to reduce its operational fleet to fewer than 80 aircraft by late 2026, a stark contrast to its former size of over 200 jets.
MGP Ingredients reported a challenging fiscal 2025, with a significant net loss driven by a major impairment charge and declining sales across its key segments. The company provides a conservative outlook for the year ahead as it navigates shifting consumer demand and inventory adjustments in the spirits industry.
The French spirits group unveils a reformulated grape-based white spirit exclusively for the American market, aiming to carve a niche against established clear spirits like vodka and tequila.
Spirit Airlines has struck a deal with creditors to exit bankruptcy by summer, but its survival comes at a steep cost: a dramatically reduced flight schedule and a scaled-back operation.
The historic Pier 50 distillery behind Junípero Gin and Old Potrero rye whiskey is closing its doors, marking the end of an era for Bay Area craft spirits as the company pivots to its import and brand-building portfolio.
Spirit Airlines is recalling 500 flight attendants previously laid off during its bankruptcy restructuring, a move the union says is critical to address mounting operational challenges.
As it navigates Chapter 11 bankruptcy, Spirit Airlines has filed to sell two preferential gates at Chicago O'Hare to United Airlines, a move that would inject funds for debt repayment while further intensifying the hub capacity battle between United and American.
Hotaling & Co., the San Francisco spirits company behind Junipero Gin and Old Potrero Whiskey, is winding down its distilling operations in a strategic pivot. While production of its core brands will move to partner facilities, the company assures consumers of uninterrupted supply and reaffirms its commitment to brand investment and growth.
The European aerospace giant Airbus reported record revenue and net income for 2025, yet its outlook for 2026 is clouded by persistent supply chain challenges, notably from Pratt & Whitney, and integration costs from its major acquisition of Spirit AeroSystems.
U.S. regulators have finalized a consent order allowing Boeing to proceed with its acquisition of key supplier Spirit AeroSystems, imposing conditions aimed at preserving competition in the aerospace supply chain.
The budget carrier moves to auction 20 Airbus jets as part of its Chapter 11 restructuring, with an initial $533.5 million offer on the table to help streamline operations.
French wine and spirits exports fell nearly 8% in value last year, with industry leaders pointing to U.S. tariffs and Chinese anti-dumping measures as primary causes for the significant downturn in one of France's flagship sectors.
Amidst Venezuela's profound political shifts, a shared spiritual connection to the late Indian guru Sathya Sai Baba links ousted leader Nicolás Maduro and acting President Delcy Rodríguez, revealing the complex interplay of faith and power in the nation's identity.
One year after retaliatory tariffs triggered a cross-border trade dispute, U.S. spirits exports to Canada have fallen by nearly two-thirds, dealing a severe blow to Kentucky's iconic bourbon industry and reshaping North American trade dynamics.
The spirits giant reported a disappointing first half, with organic sales and profit declines driven by persistent challenges in its key U.S. market and a steep drop in Chinese white spirits sales. The company has lowered its full-year sales forecast and revised its dividend policy.
LVMH's wine and spirits arm, led by Hennessy, faces a sharp profit decline amid weak U.S. and Chinese demand, while Rémy Cointreau reports a modest rebound in Cognac sales, highlighting a divided market outlook.
