airline bankruptcy

Budget flight carrier Spirit Aviation Holdings Inc. (NASDAQ:FLYYQ) is reportedly planning to reduce its workforce and cut capacity by over 25% YoY amid ongoing financial woes. A Shift To Focus On Spirit's Strongest Markets The reduction comes as CEO Dave Davis, in an internal document obtained by...

Stock prices for United Continental (NYSE: UAL), US Airways Group (NYSE: LCC), and Delta Airlines (NYSE: DAL) have soared for 2013. Pretty remarkable, when you consider the level of debt each of these companies is carrying. When the market turns, as it always does, the heavy leverage will be a...