United CEO says he expects struggling Spirit Airlines to go out of business

A Spirit Airlines jet takes off above two United Airlines airplanes at Newark Liberty Airport on March 23, 2018 in Newark, New Jersey. Gary Hershorn | Getty Images LONG BEACH, Calif. — United Airlines CEO Scott Kirby on Thursday predicted Spirit Airlines is going out of business and said the once-profitable discount airline model is…

Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year

A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines on Friday filed for bankruptcy protection for the second time in a year, just months after the budget carrier failed return…

European pharma stocks fall after Trump sends letters demanding cheaper drug prices

Swiss franc drops after tariffs rise The Swiss franc has dropped by about 0.2% after U.S. President Donald Trump raised import duties on Switzerland to 39%. European pharma stocks fall after Trump sends letters demanding cheaper drug prices Tariffs to ’cause pain’ for Swiss luxury goods makers Swiss luxury stocks are expected to come under…