Spirit Airlines is sounding alarms about its financial health, warning of going-concern doubts just months after emerging from bankruptcy. With weak domestic demand and operational uncertainties, the airline is making drastic cuts, including pilot furloughs, to conserve cash.
Heathrow Airport faced an 18-hour shutdown due to a transformer failure, stranding thousands of passengers and costing airlines millions. As investigations begin, questions arise about the airport's operational resilience and response.
In a surprising move, On The Border has filed for Chapter 11 bankruptcy, closing multiple locations in Michigan while aiming for a swift restructuring. The chain plans to focus on operational improvements and a potential asset sale.
SpaceX's Falcon 9 upper stage suffered a propellant leak, leading to an uncontrolled reentry over Europe. The incident raises concerns about SpaceX's safety protocols and operational challenges.
