Business - Saturday, May 2, 2026

Talks with bondholders for a government bailout this week failed to yield a deal.

If you’ve been snagged in the airline’s now-defunct flight schedule, here are some things to know about next steps The collapse of the US-based Spirit Airlines may mark the end of an era for travelers with a certain financial sensibility. But if you’ve been snagged in their now-defunct flight schedule, here are some things to know on how to get home, and get whole. Continue reading...

The budget carrier abruptly canceled flights early on Saturday, leaving passengers to rush to make other plans. “Even if they go back into business, never again,” one traveler said.

Spirit Airlines ceased operations overnight after a failed government bailout.

The energy shock from the Iran war may be casting a shadow over the outlook for the US economy, but the labor market is yet to register any signs of it.

Danco Laboratories files emergency appeal after lower court blocks telemedicine providers from prescribing A manufacturer of the abortion pill mifepristone, Danco Laboratories, filed an emergency appeal to the US supreme court on Saturday asking it to halt a court decision that would require an in‑person exam before the medication can be prescribed. The request came hours after the fifth US circuit court of appeals temporarily reinstated the requirement blocking telemedicine health providers from prescribing to patients by mail in response to a challenge from Louisiana. Continue reading...

Skeptics including Aegon Asset Management and Barclays Plc are getting ready for April’s credit rally to potentially vanish as quickly as it appeared.

Spirit once upended the industry by offering very low fares but was in its second bankruptcy in two years after years of struggle.

Republicans blame Biden administration block on JetBlue deal; Democrats point to fuel price surge amid Iran war Sign up for the Breaking News US newsletter email US airlines and government officials battled on Saturday to deal with stranded passengers and stricken employees after discount carrier Spirit Airlines abruptly ceased operations – and a political and business blame game got under way over the collapse of the low-cost carrier. “If you have a flight scheduled with Spirit Airlines, don’t show up at the airport; there will be no one here to assist you,” the US secretary of transportation, Sean Duffy, warned at a press conference after laying out measures for customers booked with the Florida-based company to obtain refunds or find discounted flights on other airlines. Continue reading...

Greg Abel didn’t take long to address the elephant in the room.