YOUTUBE (MS NOW) - CRASHOUT: Trump's job slump & BAILOUT BUBBLE exposed by Wall St expert on live tv
Journalist Dylan Ratigan joins MS NOW's Ari Melber to discuss the Trump economy. (The Beat's YouTube: https://ms.now/ari)
NYTIMES (Rob Copeland) - A.I. Hedge Fund Situational Awareness Rescued by Rival Citadel
The once-high-flying firm Situational Awareness, whose founder is 24, has been bailed out by Kenneth Griffin’s Citadel, according to three people briefed on the transaction.
AMERICANGREATNESS (Arthur Schaper) - Free Enterprise Could Have Resurrected Spirit Airlines
Spirit Airlines gave up the ghost this week. President Trump wanted to provide a lifeline to the company so that it could survive long enough […] Source
THEAMERICANCONSERVATIVE (Joseph Addington) - Iran War Drives Spirit Airlines Out of Business
State of the Union: The struggling budget airline collapsed Saturday due to skyrocketing fuel prices. The post Iran War Drives Spirit Airlines Out of Business appeared first on The American Conservative .
Budget carrier Spirit Airlines officially shut its doors Saturday, laying off its employees and cancelling all flights after rising fuel costs pushed the struggling company over the brink. The price of jet fuel has spiked since the American–Israeli war on Iran started in late February, leaving Spirit—which had already declared bankruptcy twice in less than two years—unable to sustain its business operations. “The sudden and sustained rise in fuel prices in recent weeks ultimately has left us with no alternative but to pursue an orderly wind-down of the Company,” CEO Dave Davis said in a statement released Saturday. Davis added that the company required “hundreds of millions of additional dollars of liquidity that Spirit…Open
REDSTATE (Bob Hoge) - Duffy and Bessent Say Spirit Airlines Didn't Fall of a Cliff — It Was Pushed by the Usual Suspects
HUFFPOST - After Spirit Collapse, Duffy Says No Need For U.S. Budget Airline Bailout
"They do have access to cash," Duffy said Saturday.
JUSTTHENEWS (Nicholas Ballasy) - Spirit Airlines shutting down after 34 years
Passengers were told to expect refunds, but the airline will not assist with rebooking on other carriers.
YOUTUBE (Agenda-Free TV) - End of Spirit Airlines - LIVE Shutdown Countdown & Breaking News Coverage
Spirit Airlines will reportedly shut down and cease operations at 3am Eastern Time tonight. Join us for live breaking news coverage of the end of Spirit Airlines as we count down to the Spirit shutdown. Spirit Airlines is a low-cost airline that carried over 30 million passengers last year. There were reports in recent days that the Trump administration could make a deal to bail out Spirit in exchange for partial ownership of the company, but apparently that will not be happening. Spirit Airlines will reportedly shut down for good and cease operations tonight at 3am ET. In this interactive live stream, host Steve Lookner brings you live shutdown coverage of the end of Spirit Airlines, along with the latest breaking news updates on Spirit…
WASHINGTONPOST (Amy B Wang) - Spirit Airlines shuts down after White House rescue deal falls through
The airline said early Saturday it had “no choice” but to wind down operations immediately, dashing hopes of a last-minute financial lifeline.
NEWSNATIONNOW (Taylor Delandro) - Spirit Airlines prepares to end operations amid failed bailout
Trump says the administration had presented a final proposal and was still considering whether to step in.