In a memo to staff, Spirit Airlines CEO Dave Davis revealed plans for significant job cuts and a 25% reduction in flight capacity for 2024, following the airline's second bankruptcy. With negotiations underway and rising costs, the airline aims to stabilize its operations amid increasing competition.
Steve Ballmer defends against allegations of salary cap circumvention involving Kawhi Leonard's endorsement deal with Aspiration, a company now embroiled in bankruptcy and fraud charges. As new evidence emerges, the NBA's investigation intensifies.
In a shocking twist, the NBA is investigating Kawhi Leonard's endorsement deal with Aspiration, a company facing bankruptcy. Allegations suggest improper payments were made while the firm struggled financially.
The NBA is investigating a $28M endorsement deal between Kawhi Leonard and Aspiration Fund for potential salary cap violations. The Clippers deny any wrongdoing amid bankruptcy claims.
The Clippers face serious allegations of circumventing the salary cap, but former owner Mark Cuban defends Steve Ballmer, suggesting the team was scammed instead. Learn more about this unfolding story.
Spirit Aviation Holdings Inc. has filed for bankruptcy for the second time in a year, indicating a critical juncture for the low-cost carrier as it navigates challenges in fleet management and market volatility.
Spirit Airlines has filed for bankruptcy protection just months after emerging from Chapter 11. Despite the setback, the airline assures passengers can still book flights and use loyalty points during the restructuring. Union leaders warn employees to prepare for potential challenges ahead.
Spirit Airlines has filed for bankruptcy protection just months after emerging from a previous Chapter 11 reorganization. Despite this, the airline assures passengers that booking and travel will continue as normal during the restructuring process.
In a shocking turn of events, Spirit Aviation Holdings Inc. has filed for Chapter 11 bankruptcy for the second time in less than a year. With assets and liabilities ranging from $1 billion to $10 billion, the airline struggles to recover amidst ongoing negotiations with major stakeholders.
In a strategic move to avoid bankruptcy, EchoStar Corp. has agreed to sell spectrum licenses to AT&T for $23 billion. This deal will enhance AT&T’s network capabilities with additional low-band and mid-band spectrum, pending regulatory approval by mid-2026.
