Spirit, the troubled and twice-bankrupt budget airline, could liquidate as early as this week, according to reports from Bloomberg and CNBC. The company has been struggling financially for some time now and filed for its second chapter 11 bankruptcy back in October. According to a Wall Street Journal report, Spirit had reached an agreement with creditors earlier this year that would help it reemerge from that second bankruptcy by this summer. But then, American and Israeli bombs began falling on Iran on February 28. In retaliation, Tehran promptly closed virtually all traffic through the Strait of Hormuz, a critical oil chokepoint, resulting in the disruption of the global energy trade and creating a jet fuel shortage. It’s “the largest energy crisis we have ever faced,” according to International Energy Agency executive director Fatih Birol, who told the Associated Press that Europe could run out of jet fuel in six weeks. If the situation keeps continuing as is, Birol said flight cancellations could start mounting. “In the past, there was a group called ‘Dire Straits.’ It’s a dire strait now, and it is going to have major implications for the global economy,” Birol told the AP on
Apr 16, 2026 → May 4, 2026
Our gifting experts are obsessively searching for holiday gifts that are unique, thoughtful and suitable for any budget. Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. If…
Read original at CNET →7 updates from 7 sources over 3 weeks.
Our gifting experts are obsessively searching for holiday gifts that are unique, thoughtful and suitable for any budget. Our expert, award-winning staff selects the products we cover and rigorously researches and tests…
Read original at CNET →The United States military is now escorting merchant ships from other nations out of the Strait of Hormuz. Despite threats from the Iranian regime, the U.S. reported that two American-flagged vessels have successfully…
Read original at Fox News →Spirit Airlines, the pioneering discount airline that shook up the budget travel business, is shutting down its operations. The company is in its second bankruptcy and was in serious financial trouble well before the…
Read original at CNN →As the economy turns south, the treasurer will be faced with choices in how he responds. This calm before the shitstorm is an opportunity for reforms to energy, the NDIS and housing While the treasurer puts the…
Read original at The Guardian →Jet fuel prices have more than doubled since the start of the Iran war in late February, costing airlines billions of dollars and leading to a rise in global airfare. Now, a major shortage of aviation fuel is looming in…
Read original at Conde Nast Traveler →Last day to exhibit your breakthrough to 10,000+ tech leaders at Disrupt is on Oct 2. Book Exhibit Table Now. Disrupt doors open Oct. 13. Get your pass and bring someone with you at 50% off. REGISTER NOW. Microsoft is…
Read original at TechCrunch →Spirit, the troubled and twice-bankrupt budget airline, could liquidate as early as this week, according to reports from Bloomberg and CNBC. The company has been struggling financially for some time now and filed for…
Read original at Gizmodo →What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.
Our gifting experts are obsessively searching for holiday gifts that are unique, thoughtful and suitable for any budget. Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. If…
View source →The United States military is now escorting merchant ships from other nations out of the Strait of Hormuz. Despite threats from the Iranian regime, the U.S. reported that two American-flagged vessels have successfully exited the waterway.…
View source →Spirit Airlines, the pioneering discount airline that shook up the budget travel business, is shutting down its operations. The company is in its second bankruptcy and was in serious financial trouble well before the Iran war sent jet fuel…
View source →As the economy turns south, the treasurer will be faced with choices in how he responds. This calm before the shitstorm is an opportunity for reforms to energy, the NDIS and housing While the treasurer puts the finishing touches to a…
View source →Jet fuel prices have more than doubled since the start of the Iran war in late February, costing airlines billions of dollars and leading to a rise in global airfare. Now, a major shortage of aviation fuel is looming in Europe, with the…
View source →Last day to exhibit your breakthrough to 10,000+ tech leaders at Disrupt is on Oct 2. Book Exhibit Table Now. Disrupt doors open Oct. 13. Get your pass and bring someone with you at 50% off. REGISTER NOW. Microsoft is offering voluntary…
View source →Tier key: T0 = Primary source · T1 = Wire · T2 = Outlet report · T3 = Commentary
Long-running fight over Trump-backed maps takes another turn as absentee voting is already under way in Missouri. This blog is now closed. Sign up for US Breaking News emails Xi…
This new task force is Trump's latest response to the debate over AI safety.
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As Bosnians vote in an election this weekend, the country is embracing the US president’s family and friends.
On Equity, we discussed the Trump administration's attempts to rebrand AI.
Donald Trump and Xi Jinping discuss Taiwan arms sales every time they get together but the American stance on the self-ruled island remains unchanged following the Chinese…
