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What Spirit Airlines' Bankruptcy Means For Holiday Travelers
Spirit Airlines, the no-frills budget carrier, announced it would file for Chapter 11 bankruptcy a week before a record number of people are expected to fly during the Thanksgiving holiday, reports said.
The Florida-based airline announced Monday, Nov. 18, that its debt, growing losses, and increased competition have kept the company in the red for four years, and it would need to restructure its bills to keep it in the air, NBC News reported.
However, despite its financial troubles, the airline promised passengers they would not feel any of that pain in the air.
"Guests …
Gannett Lays Off Staffers Across Region, Nation Following $54 Million Quarterly Loss
The largest newspaper publisher in the United States has laid off employees at newspapers across the country following a nearly $54 million quarterly loss, according to multiple news outlets.
Gannett's layoffs on Friday, Aug. 12, impacted numerous newsrooms, according to a report from Poynter. Gannett has not released information on the number of employees who were laid off, how many of its 250 newspapers were affected, or whether there will be further staffing cuts.
Gannett, which owns USA Today, reported a $53.7 million net loss in its second-quarter report.
Adrian Szkolar, a producer a…
