Wall Street Legend Now Calling Exact Day Next Market Crash Will Start?

Perhaps no one on or off Wall Street has more accurate in calling the market turns of the past 7 years. From the bear markets of 2018 and 2022... to the roaring bull runs of 2021, 2023, and 2024. And now, Marc Chaikin is predicting the exact month (even the exact day!) the next crash is most likely to start--don't miss this huge and important new call.

Spirit Airlines exits bankruptcy protection as travel demand slows

WYATTE GRANTHAM-PHILIPS
March 13, 2025

NEW YORK (AP) -- Discount carrier Spirit Airlines has emerged from bankruptcy protection.

The budget airline -- known for its no-frills, low-cost flights on a fleet of yellow planes -- said Wednesday that its parent, Spirit Aviation Holdings, exited Chapter 11 after finalizing debt restructuring. The reorganization plan, which received the court greenlight last month, aims to bring the carrier back to profitability and boost resources to compete with rivals.

"We're emerging as a stronger and more focused airline," CEO Ted Christie, who will continue to lead Spirit post-bankruptcy, said in a statement.

The restructuring deal allows Spirit to convert $795 million of its debt into equity. The company says it's also received a $350 million equity investment from existing investors to aid future operations.

Spirit filed for bankruptcy back in November, following years of struggles and mounting debt as it failed to bounce back from the COVID-19 pandemic. The Florida carrier was particularly hit hard by rising operating expenses and stiffer competition. By the time of its Chapter 11 filing, the airline had lost more than $2.5 billion since the start of 2020.

Whether Spirit will continue as a standalone airline has also been up in the air, although takeover attempts from budget rivals like JetBlue and Frontier have proven to be unsuccessful before and during the bankruptcy process. Spirit rejected a third bid from Frontier last month.

While future merger proposals may not be entirely off the table, Spirit signaled Wednesday that it would continue to focus its own growth and offerings. Christie noted that the airline would be "moving forward with our strategy to redefine low-fare travel with our new, high-value travel options."

In an evolution from its budget-exclusive roots, Spirit is attempting to tap into the growing market for more upscale travel. It is now offering flight options with tiered prices, the higher-priced tickets coming with more amenities. Last year, months before filing for Chapter 11, Spirit decided to sell bundled fares that include a bigger seat, priority boarding, free bags, internet service and snacks and drinks.

In a message sent to Spirit customers Wednesday, Christie continued to point those four travel options from the airline, which he said "let you choose how you want to fly."

Wednesday's announcement also noted plans to trade shares publicly again, although not immediately. Shares of Spirit previously issued by Spirit Airlines Inc. was canceled upon its exit from bankruptcy -- but it expects to re-list shares, newly-issued under new owners, "as soon as reasonably practicable."

Meanwhile -- between wider economic turmoil, high-profile plane crashes and other consumer uncertainty -- major airlines have issued warnings in recent days about falling demand. Carriers like Delta, Southwest, American have all recently downgraded revenue outlooks for the first quarter.

Continue Reading...

Popular

A Peruvian farmer takes German energy giant RWE to court in a fight to hold polluters accountable

HAMM, Germany (AP) — A German court on Monday started hearing a Peruvian farmer's case against major energy company RWE, a lawsuit arguing that global warming fueled by the firm's historical greenhouse gas emissions ultimately poses a risk to his home.

March 20th: The NEXT 50X Nvidia Call - Ad

In 2016 Louis Navellier made a big prediction regarding Nvidia's GPUs... Its stock price was a split-adjusted $1 and went up more than 7,000% at its peak. Don't miss Louis NEXT BIG Nvidia call. (Plus 6 stocks you need to own before March 20th.)

Closing arguments set to begin in pipeline company's lawsuit against Greenpeace

MANDAN, N.D. (AP) — Closing arguments are scheduled to begin on Monday in against Greenpeace, the environmental advocacy group said could have consequences for free speech and protest rights and .

'Horrific Report': Economists Warn Consumer Confidence Collapse Signals Economic Trouble

U of Michigan consumer confidence survey shows rapid decrease amid high inflation expectations, economists warn of bad omen for US economy.

Nvidia Is About to Shock the World: March 17th - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: March 17th! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Asian shares decline despite rebound on Wall St as investors await next steps in trade wars

BANGKOK (AP) — Asian shares were mostly lower on Thursday despite a rebound on Wall Street fueled by an on U.S. consumer prices.

AI + Smart Glass = A Nasdaq Sleeper - Ad

This recent Nasdaq IPO is quietly making waves, thanks to its 95% market share in a $240M aerospace niche. With patented technology that integrates AI into smart glass, this company is poised for massive growth as the market races toward $124 billion by 2029.

US envoy visits Moscow for ceasefire talks that a Russian official says would help Ukraine

An envoy of U.S. President Donald Trump arrived in Moscow on Thursday for talks on an American-proposed that Ukraine has accepted but which a senior Russian official said would help Kyiv by giving its a break, three years after .

SpaceX launches a new crew to the space station to replace NASA's stuck astronauts

CAPE CANAVERAL, Fla. (AP) — The replacements for NASA’s launched to the International Space Station on Friday night, paving the way for the pair’s return after nine long months.

Warning: China Launches AI Attack on America - Ad

China just launched what can only be described as an AI attack on America. And according to Louis Navellier, the legendary investor who picked Nvidia before shares exploded as high as 3,423%... President Trump is already planning a counter attack. And it's creating an incredible opportunity for you in this small group of AI stocks.

Kroger Chairman and CEO resigns following investigation into personal conduct

Kroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct.

Washington Won't Save You--but This 4-Step Plan Might - Ad

America's economy is unraveling--soaring costs, skyrocketing debt, and Wall Street insiders dumping stocks. This isn't a recession--it's an economic breakdown. Stocks could crash 50%, real estate 40%, and inflation will eat your savings. But history shows: the biggest crashes create the biggest fortunes--if you act now!

Charlamagne Tha God Slams Schumer and Jeffries: 'They Should All Step Down'

Charlamagne tha God took aim at the Democratic leadership on Friday, calling for Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries to step down.

Fashion trends for fall: Big shoulders, even bigger coats and a color story to dye for

PARIS (AP) — Paris has spoken, and fashion’s final authority has laid down the law: This coming fall, it’s all about power shoulders, enveloping outerwear, and a color palette that runs from somber to surreal.

Wall Street Pioneer's AI Warning: "I thought we had more time..." - Ad

A radical new AI development is about to blindside millions of Americans. This early pioneer just issued an urgent warning explaining everything.

This 'Dune' isn't fiction. It's the longest conveyer belt in the US and moving sand in Texas

KERMIT, Texas (AP) — It's longer than the width of Rhode Island, snakes across the oil fields of the southwest U.S. and crawls at 10 mph – too slow for a truck and too long for a train.

AOC Claps Back At Mike Johnson As Senate Moves Closer To Government Shutdown: 'If You Need Democrats, Then You Need To Negotiate'

Alexandria Ocasio-Cortez pushed back on Speaker Mike Johnson's blame for a possible shutdown, reminding him that Republicans control the government and must negotiate if they lack the votes.

The Billionaire Bet That Could Change Uranium Forever - Ad

The world's richest investors--Gates, Bezos, Altman--are pouring billions into nuclear energy. With uranium demand surging, one tiny uranium junior could potentially be the next big winner.

Intel, D-Wave Quantum, Adobe, Nvidia, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

The S&P 500 and Nasdaq rose on Wednesday. The rally was fueled by a cooler-than-expected inflation report, which bolstered expectations for monetary easing.

America's Uranium Crisis = A Massive Opportunity - Ad

Ninety percent of America's uranium is imported. With the US scrambling to rebuild domestic supply, Canadian uranium companies are in prime position. One small-cap stock could be set to benefit.

NBA Legend Shaq's Walmart Shopping Spree Ends In Credit Card Decline - Here's How Much He Tried To Spend

Basketball superstar Shaquille O'Neal's impact goes beyond basketball, with his larger-than-life personality and smart investments. Yet, one of his most unforgettable moments happened at Walmart.

Universities are facing big cuts to research funding. At Duke, it's a time for 'damage control'

DURHAM, N.C. (AP) — Facing the potential loss of hundreds of millions of dollars in federal funding, Duke University is preparing for the worst.

Strikes and Economic Unrest: Are You Prepared for What's Coming? - Ad

Louis Navellier has issued a chilling warning about the economic turmoil gripping America today. The rapid advancement of artificial intelligence and automation is reshaping industries and posing threats to jobs, pushing America's financial system to its limits. If you're not prepared, it could devastate your savings, investments, and even your retirement.

Schools use AI to monitor kids, hoping to prevent violence. Our investigation found security risks

One student asked a search engine, “Why does my boyfriend hit me?” Another threatened suicide in an email to an unrequited love. A gay teen opened up in an online diary about struggles with homophobic parents, writing they just wanted to be themselves.

Argentine retirees and soccer fans clash with police during protests against austerity measures

BUENOS AIRES, Argentina (AP) — Argentine retirees and fans of several soccer teams clashed with police Wednesday during a protest in front of Congress in the capital, Buenos Aires, against the economic policies implemented by the government of .

Trump Announces Revenge on Biden - Ad

A former CIA insider just made a stunning prediction: Trump's revenge on Biden will end America's energy crisis forever? Getting in on a Trump-endorsed new energy tech could potentially turn $4K into $106,000 in just 6-12 months.

Warren Buffett on Debt and Donald Trump's Money Moves: Trump 'Never Went Right'

In a piece of advice that continues to hold relevance, investor Warren Buffett once warned students about the perils of excessive borrowing, citing Donald Trump as a case in point.

In his own words: Trump takes credit for stock market rises but casts aside blame for sell-off

WASHINGTON (AP) — President in recent days has dismissed and brushed aside the stock market sell-off, going so far as to say, “You can’t really watch the stock market." That's a new message from a leader who has frequently pointed to the market's ups and downs as a reflection of himself and his activities, even when he was not in power.

Trump Bombshell to Hit by April 30th? - Ad

According to Louis Navellier, the legendary investor who picked Nvidia before shares exploded as high as 3,423%... Before April 30th, President Trump could make a shocking AI announcement... Sending these stocks exploding higher.

What makes Greenland a strategic prize at a time of rising tensions? And why now?

NUUK, Greenland (AP) — When U.S. President Donald Trump first suggested in 2019, people thought it was just a joke. No one is laughing now.

Shaq Once Spent $1 Million in a Day on Luxury, Then Realized Taxes Took a Huge Cut

Shaquille O'Neal once exhausted a $1 million paycheck in a single day, oblivious to the fact that a portion of his earnings were earmarked for taxes.

Is 2025 Really the Best Time to Get Rich in American History? - Ad

The first 365 days of the Trump presidency...Will be the best time to get rich in American history. However, this "Trump Bump" will also be the final one we'll ever get. Over the next 12 months... One specific investment is set to blast off. But, I'm not talking about stocks. And I'm not talking about bitcoin.

SpaceX delays flight to replace NASA's stuck astronauts after launch pad problem

CAPE CANAVERAL, Fla. (AP) — A launch pad problem prompted to delay a flight to the International Space Station on Wednesday to replace NASA's .

Aircraft catches fire after landing in Denver, sending passengers onto wing as smoke engulfs plane

DENVER (AP) — A after it diverted mid-flight and landed at Denver International Airport sent fleeing passengers to a wing amid billowing clouds of smoke. Airport officials said 12 people were taken to hospitals with minor injuries.

Strange Pattern Emerges in U.S. Stock Market - Ad

A rare stock market anomaly--seen only once this century--is back! Last time, it helped create gains as high as 125,000% over 15 years. Now, it's colliding with the AI boom, and people are taking notice. The Oxford Club's top strategist reveals how to profit--watch the special broadcast now!

Apple's AR Glasses Approach Aside, Google Makes Its Move On Eye-Tracking Tech With $115 Million AdHawk Acquisition: Report

As Apple reportedly reconsiders its AR glasses strategy, Google is moving forward with a $115 million acquisition of eye-tracking startup AdHawk to bolster its next-gen smart glasses efforts.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service