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The House Ethics Committee weighs releasing their report on Matt Gaetz. And Susan Smith, who made headlines for killing her sons 30 years ago, is up for parole. The Ethics Committee has jurisdiction only over sitting members of Congress, Johnson argues. But there is precedent for the Ethics Committee to publish reports after a member of Congress has resigned. Susan Smith up for parole 30 years after killing her sonsSusan Smith leaves court after a hearing in Union, S.C., in 1995.
Persons: Matt Gaetz, Susan Smith, Donald Trump, Gaetz, Susan Wild, Joel Leppard, Mike Johnson, Trump, Johnson, Read, Mike Cavanaugh, , Vladimir Putin, Brooks Kraft, Smith’s, Michael, Alex, Smith, Rafael Nadal, Jay Leno, Barbara Gauntt, Chokwe Antar Lumumba, Lumumba, — Bracey Harris Organizations: Comcast, Justice Department, Republicans, Democrats, Gaetz, MSNBC, Syfy, Golf, CNBC, Oxygen, NBC News, NBC, Bravo, United, Brooks, Brooks Kraft LLC, Getty, South, Davis, Mississippi State Capitol, Clarion, Ledger, Residents Locations: Florida, USA, U.S, Kyiv, United States, Ukrainian, Russian, Ukraine, Union, South Carolina, Northern California, Pacific, California, Jackson
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUtah Jazz owner Ryan Smith on how Utah is becoming a major sports destinationRyan Smith, owner of Utah Hockey Club and Utah Jazz, joins CNBC's 'Squawk on the Street' to discuss rising NHL team valuations, the interplay of mixed-use real estate in sports, and more.
Persons: Ryan Smith Organizations: Utah Jazz, Utah Hockey Club Locations: Utah
Alaska Airlines partnered with Air Space Intelligence to use an AI tool that suggests flight routes. While Air Space Intelligence developed the Flyways AI Platform, it did so in close cooperation with the airline's stakeholders. AI in actionThe partnership between Alaska Airlines and Air Space Intelligence began with a learning period for both organizations. ASI's staff shadowed the airline's dispatchers to learn how they worked, while Alaska Airlines learned more about how a machine-learning algorithm could be used to route traffic. While that might seem low, those accepted routes helped reduce Alaska Airlines' fuel consumption by more than 1.2 million gallons in 2023, according to the airline's annual sustainability report.
Persons: , We've, they're, Pasha Saleh, Flyways, Saleh, Phillip Buckendorf, Buckendorf, Andreessen Horowitz Organizations: Alaska Airlines, Air Space Intelligence, Service, Space Intelligence, Alaska Airlines . Alaska Airlines, Federal Aviation Administration, ASI, IBM DOS, Airlines, Air, US Air Force Locations: Alaska, Boston, Denver, Poland, Washington, DC
Trump earlier this month had urged Senate Republicans not to allow any judicial confirmations in the final weeks of the Biden administration while the upper chamber was under Democratic control. Since then, other judicial nominees have been able to clear pivotal votes because not enough Republicans were present to block them. Two of the missing Republicans, Sens. Several of the missing Republicans – which also included Sen. Marco Rubio, Trump’s pick for secretary of state – were back in the chamber Wednesday. Even if no other Biden-appointed judge is confirmed, Trump will start his second term with a number of openings that is fewer than half of that previous number.
Persons: Joe Biden’s, Donald Trump’s, Trump, JD Vance, Embry Kidd, Sen, Joe Manchin, Vance, Bill Hagerty of, , Democratic Sen, John Fetterman, Biden, Carrie Severino –, ” Vance, Grace Chong, Steve Bannon’s, Christopher Wray, Fetterman, Sarah Russell, Kamala Harris, Hagerty, Ted Cruz, Hagerty’s, Republicans –, Marco Rubio, Trump’s, Mike Braun, Cruz, Rebecca Pennell, Amir Ali, doesn’t, Ali, Kyrsten Sinema, Montana GOP Sen, Steve Daines, Embry, Aileen Cannon, Jack Smith’s, Barack Obama’s, Alyana Treene, Kristen Holmes, Betsy Klein, Devan Cole Organizations: CNN, GOP, Conservative, Republicans, Ohio Republican, Circuit, Mar, Democratic, Trump, Crisis Network, FBI, House, Republican, Sens, SpaceX, Indiana, US, Court, of, Montana GOP, Senate Locations: Ohio, Trump’s Florida, Bill Hagerty of Tennessee, Hawaii, Ted Cruz of Texas, Texas, Eastern, of Washington, Montana
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin hits new record near $95,000 as investors monitor Trump transition: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Andrew O'Neill of S&P Global Ratings discusses how crypto policy changes under Trump could affect crypto prices.
Persons: explainers, Andrew O'Neill of S Organizations: Trump, CNBC Crypto, CNBC
AdvertisementHere are some sweet treats you probably didn't know you can make in an air fryer. "The air fryer is perfect for making a small batch of brownies without heating up the whole house with the oven," he said. "This classic dessert can easily be prepared in an air fryer without having to turn on the oven. "Chocolate-chip cookies bake in around five minutes in the air fryer," Riley told BI. You can shorten the baking time of banana breadBanana bread takes less time to bake in an air fryer.
Persons: fryer, athiwath, Chris Riley, Riley, Tatiana Volgutova, Maria Liberati, Marina Meshkova, Jessica Randhawa, Randhawa, Read Organizations: Air, Brownies, fryer Locations: gooey
CMA Awards 2024: See who won
  + stars: | 2024-11-20 | by ( Alli Rosenbloom | ) edition.cnn.com   time to read: +3 min
CNN —The 58th Annual CMA Awards are underway, taking place live from Nashville’s Bridgestone Arena. Morgan Wallen earned the most nominations with seven, followed by Cody Johnson and Chris Stapleton with five. The CMA Awards aired live on ABC and will be available to stream on Hulu on Thursday. Morgan Wallen)• “Watermelon Moonshine” – Lainey Wilson• “White Horse” – Chris Stapleton *WINNERALBUM OF THE YEAR• “Deeper Well” – Kacey Musgraves• “Fathers & Sons” – Luke Combs• “Higher” – Chris Stapleton• “Leather” – Cody Johnson *WINNER• “Whitsitt Chapel” – Jelly RollCody Johnson performs during the CMA Awards on Wednesday, in Nashville, Tennessee. Kacey Musgraves)• “Man Made A Bar” – Morgan Wallen (Feat.
Persons: Luke Bryan, Peyton Manning, Lainey Wilson –, Morgan Wallen, Cody Johnson, Chris Stapleton, Post Malone, Wilson, Malone, George Strait, Megan Moroney, Kacey Musgraves, Luke Combs, Kelsea Ballerini, Noah Kahan, Chris Stapleton • Morgan Wallen, • Lainey Wilson, – Cody Johnson •, Lainey Wilson •, ” – Luke Combs, Chris Stapleton •, – Cody Johnson, • “, Jelly Roll Cody Johnson, George Walker IV, – Hillary Lindsey, Parker McCollum, Lori McKenna, Liz Rose •, Josh Phillips • “, Louis Bell, Ashley Gorley, Charlie Handsome, Hoskins, Ernest Keith Smith, Chandler Paul Walters •, – Benjy Davis, Kat Higgins, Ryan Larkins •, Dan Wilson, Ballerini • Ashley McBryde, Megan Moroney •, Lainey Wilson, Roll • Cody Johnson, • Morgan, , Clay, Zac Brown, Brooks, Dunn, • Brothers Osborne, Dan, Shay, Maddie, Tae, Ronnie Dunn, Kix Brooks, Tibrina Hobson, FilmMagic, Zach Bryan, Kacey, – Morgan Wallen, Eric Church, , Ella Langley, Riley Green, Tom Bukovac, • Paul Franklin, Rob McNelley, Charlie Worsham, ” – Cody Johnson, – Lainey Wilson, • Shaboozey, Nate Smith • Mitchell Tenpenny, Zach Top • Bailey Zimmerman Organizations: CNN, Nashville’s Bridgestone, NFL, Post, CMA, ABC, Austin Post, Big, Brooks, Cowboys, • Paul Franklin – Locations: Hulu, Nashville , Tennessee, Austin
Susan Smith arrives at Union County Courthouse as the penalty phase of her trial moves into closing arguments in 1995. On Wednesday, Smith will have her chance to make her argument before the parole board, according to the South Carolina Department of Probation, Parole and Pardon Services. Inmates in South Carolina are allowed to receive and send letters but cannot legally communicate with journalists in person or on the phone. Smith and the filmmaker discussed shooting the documentary after the parole hearing and how she would be paid for her participation, according to an incident report. Pope is against Smith’s parole and said he will be speaking before the parole board at the hearing Wednesday.
Persons: Susan Smith, Smith, Michael, Alex, , , John D, , Susan Smith's, Tommy A, Thomas, haven’t, David Smith, Money, David Smith fastens, John Kuntz, ” Tommy Pope, Pope, “ Susan, Susan, , ” Pope, Larry King, ” David Smith Organizations: CNN, Courthouse, Reuters, South Carolina Department of Probation, Services, South Carolina Department of Corrections, Judicial Locations: Union , South Carolina, Long, Union, South Carolina
Salt Lake City checked all the boxes for a new professional sports team — particularly in the National Hockey League. Salt Lake City kicked off its first season in the NHL this year after the Utah Hockey Club relocated from Phoenix. The early excitement of the fanbase, marked by sellout crowds and high merchandise sales, is solidifying Salt Lake City as a sports market. So far, every one of the 11,131 unobstructed view seats at Delta Center has been sold out, according to the Utah Hockey Club. The Utah Hockey Club generated the highest retail sales on its opening night of any hockey team this season, including the Florida Panthers, the 2023-24 Stanley Cup champions, according to the Utah Hockey Club.
Persons: Ryan Smith —, Ryan, Ashley Smith, Smith, Gary Bettman, , Chad Hutchinson, Hutchinson Organizations: National Hockey League, Salt Lake City, NHL, Utah Hockey Club, National Basketball, Utah Jazz, Major League Soccer's, National, Soccer League's Utah Royals, Smith Entertainment Group, Arctos Partners, Delta Center, Delta, NBA, Florida Panthers, Utah Hockey Club's, Vegas Golden Knights Locations: Salt Lake City, U.S, , Salt Lake, Phoenix, Salt, Utah
COLUMBIA, S.C. — Susan Smith, who shocked the nation 30 years ago when she rolled her car into a lake with her two children inside and watched them drown, will ask a parole board Wednesday to release her from prison. Almost 30 years ago to the day, Susan Smith made international headlines when she said she was carjacked late at night near Union, South Carolina, by a Black man. Smith, now 53, has had an eventful three decades behind bars in South Carolina, including multiple disciplinary actions. As of Monday, 471 people had written to the South Carolina Department of Probation, Parole and Pardon Services regarding Smith's hearing. Former lead prosecutor and current South Carolina State Rep. Tommy Pope is also expected to speak in opposition.
Persons: — Susan Smith, Smith, Susan Smith, Michael, Alex, David Smith, it’s, Houston Cagle, Alfred R, Rowe Jr, Smith “, , Willie Rice, Rice, Tommy Pope, Pope, NewsNation, she’s Organizations: COLUMBIA, TV, Women’s Correctional, South Carolina Department of Corrections, State, South Carolina Department of Probation, South Carolina State Rep Locations: Union , South Carolina, South Carolina, Richland County
Severe weather is set to hit opposite ends of the country this week, with a powerful low pressure system — followed by an atmospheric river — set to bring damaging winds, heavy rain and snow to the Pacific Northwest, while storms and possible flooding are headed for the Gulf Coast. ET update that a "rapidly strengthening and extremely powerful" weather system could bring winds of 70 mph across northern California and parts of Washington and Oregon from Tuesday. Satellite images show a weather system approaching the Pacific Northwest on Tuesday morning. Further south, the eastern and central Gulf Coast is due to receive heavy rain and possible flash floods, with eastern Louisiana to the western Florida Panhandle the area most at risk, the NWS said. Elsewhere, a deep low pressure system will bring moderate to heavy rain across the Plains region, with a marginal risk of severe thunderstorms.
Persons: Flood, Angie Lassman, Organizations: National Weather Service, NOAA, NWS, NBC Locations: Pacific Northwest, Gulf, California, Washington and Oregon, Sacramento Valley, Shasta County, Colusa County, Paso Robles, Redwood Coast, Pacific, Gulf Coast, Louisiana, Florida Panhandle
Roofing is also one of the fastest-growing jobs in the U.S., with nearly 15,000 jobs expected to be added each year over the next decade. She launched her own roofing business, B. Barela Construction, in February 2021. Her combined income from running B. Barela Construction and working in real estate is more than $70,000 (she declined to share her exact salary). Ahead of her fourth year in business, Tena says she hopes to scale the business into a full-time career. She attended Santa Fe Community College on and off between 1995 and 2002, waffling between entering business, law or real estate, but never finishing her bachelor's degree.
Persons: Bridgette Tena, Tena, they've, Tena's, Lino Barela, We're, Organizations: CNBC, U.S . Department of Labor, Santa Fe Community College, Realtors Locations: Santa Fe , New Mexico, U.S, Santa Fe, New Mexico, Denver , Colorado, Santa
“We just played four quarters, we didn’t really change nothing, didn’t change our philosophy,” Texans quarterback C.J. But the Texans’ Barnett was called for a 15-yard head slap penalty, giving the Cowboys a fresh set of downs. “Derek Barnett, the play he made, really changed the game for us,” Texans head coach DeMeco Ryans said after the game. It’s frustrating for everybody, frustrating for players, frustrating for coaches. look out beLow 🤘 pic.twitter.com/eTC8QvmP8h — Houston Texans (@HoustonTexans) November 19, 2024Metal sheet falls from ceiling at AT&T StadiumA piece of sheet metal fell from the ceiling of AT&T Stadium ahead of the Cowboys’ game against Texans, a Cowboys’ spokesperson told CNN.
Persons: Joe Mixon, Derek Barnett, Jared Goff, C.J, Stroud, would’ve, Mixon, Jalen Pitre, Derek Stingley Jr, Dallas, Brandon Aubrey, Texans ’ Barnett, Barnett, didn’t, Texans ’ miscue, Cooper Rush, Calen Bullock, Dak Prescott, Rush, Cowboys ’ Tyler Guyton, “ Derek Barnett, , DeMeco Ryans, Zack Martin, Tyler Smith, Jake Ferguson, Markquese Bell, , Mike McCarthy, “ We’re, ” Dallas, Jerry Jones, It’s, it’s, allen, ong Organizations: CNN, Houston Texans, Dallas Cowboys, Texans, AFC, Detroit Lions, Cowboys, Houston, Dallas, ” Texans, ” Cowboys, NFL, NFC, Washington, Tennessee Titans Locations: Arlington , Texas, Dallas, ideo
A higher economic growth rate could theoretically boost the government's tax take without the need to raise taxes further, because overall revenues would be higher. The OBR now expects U.K. real GDP growth of 1.1% in 2024, followed by expansion of 2% in 2025, before falling to 1.5%. The Labour government did not immediately respond to CNBC's request for comment on further possible tax changes. 'Desperate' growth ratesThe U.K. economy barely grew in the third quarter, eking out a less-than-expected 0.1% expansion, data from the Office for National Statistics showed Friday. We've had 1% growth, or around 1% growth now since the Financial Crisis.
Persons: Rachel Reeves, James Smith, CNBC's, John Grieve, Reeves, Gieve, , Labour's, ING's Smith, We've Organizations: Treasury, Getty, Labour, Finance, ING, of, CNBC, National Insurance, Office, National Statistics, Gross Locations: London, England
Yet there is another force that could deter Trump from some of his most extreme instincts: the $50 trillion US stock market. A view of the New York Stock Exchange on Wall Street on November 13 in New York City. A view of the New York Stock Exchange (NYSE) on Wall Street November 13, 2024, in New York City. Angela Weiss/AFP/Getty Images“There is zero chance that he will take personally any negative feedback from the stock market,” said Sonnenfeld. While the stock market initially celebrated the election results, the bond market did not.
Persons: Donald Trump, Gary Cohn, Trump, Jack Smith, CNN’s Kayla Tausche, , Isaac Boltansky, Angela Weiss, Jerome Powell, Trump’s, Xi Jinping, Ed Mills, Raymond James, Jeffrey Sonnenfeld, Alexander Hamilton, Chip Somodevilla, ” Lori Calvasina, it’s Organizations: New, New York CNN, Trump Republicans, Dow Jones, Federal, New York Stock Exchange, Getty, Trump, CNN, Yale, Leadership, Treasury, Fed, U.S . Department of Treasury, RBC Capital Markets Locations: New York, China, New York City, Argentina, Washington, , Washington ,, recalibrate
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rises to new record above $94,000: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Dennis Kelleher, co-founder and CEO of Better Markets, shares his criticism for the crypto industry's influence on the 2024 election.
Persons: explainers, Dennis Kelleher Organizations: CNBC Crypto, CNBC, Better
Federal prosecutors have charged the founder of an education technology startup spun out of Harvard who was recognized on a Forbes 30 Under 30 list in 2021 with fraud. AdvertisementAllHere, which came out of the Harvard Innovation Lab, created an AI chatbot that was supposed to help reduce student absenteeism. Smith-Griffin was featured on the Forbes 30 Under 30 list for education in 2021. AllHere's investors included funds managed by Rethink Capital Partners and Spero Ventures, according to a document filed in bankruptcy court. Representatives for Harvard, Forbes, and Inc. didn't immediately respond to a comment request on Tuesday.
Persons: Joanna Smith, Griffin, Smith, Sam Bankman, Charlie Javice, Martin Shkreli —, spotlighted, Damian Williams, AllHere, didn't, Griffin wasn't Organizations: AllHere, Forbes, Harvard Innovation, Los Angeles Unified School District, Inc, Prosecutors, New York City Department of Education, Atlanta Public Schools, Capital Partners, Spero Ventures, Harvard Locations: Harvard, New York, North Carolina
The ‘Trump dance’ takes the sports world by storm
  + stars: | 2024-11-19 | by ( Ben Morse | ) edition.cnn.com   time to read: +5 min
CNN —A dance popularized by President-elect Donald Trump appears to have taken the sporting world by storm, after multiple US athletes across the country brought it out to celebrate plays this weekend. At UFC 309 on Saturday, with Trump in attendance, Jon Jones commemorated retaining his heavyweight title by busting out the dance before acknowledging Trump at ringside. I thought it was a pretty fun dance. “It’s not a political dance. 10) said his 'Trump dance' was 'not a political dance' and was 'just for fun.'
Persons: Donald Trump, Nick Bosa –, , , , ” Bosa, Bosa, Jon Jones, Trump, Jones, Chris Unger, Za’Darius Smith, Brock Bowers, Calvin Ridley, Bowers, Safid Deen, “ I’ve, Deen, Charley Hull, Louis, Christian Pulisic, Pulisic, “ It’s, ” Pulisic, Jamie Squire, Colin Kaepernick, LeBron James, Scott Jennings, Jessica Tarlov, , ” Tarlov Organizations: CNN, President, YMCA, The, White, San Francisco 49ers, Trump, Niners, Tampa Bay Buccaneers, Bosa, San Francisco Chronicle, NFL, UFC, Detroit Lions, Las Vegas Raiders, Tennessee Titans, USA, Raiders, Pelican, soccer, Jamaica, CONCACAF Nations League, Republican, Fox, Fox News Locations: British, Florida, St, America
‘Reel’ is a love letter to the Harlem Renaissance — and Black creativesRyan remembers the exact moment she was inspired to write most of her books. “These Black women with these big afros, just unapologetically gorgeous, because that’s something that defies what culture tells us about ourselves. “I wanted women who are living with chronic illness, specifically lupus, to feel beautiful, to feel loved, to feel like they weren’t too much,” she says. She describes her books as “Trojan horses” to “smuggle in discourse” and start difficult conversations readers may not usually have. Just a few months after the rerelease of “Reel,” Ryan will publish the third and final book in her “Skyland” series, “Can’t Get Enough,” out May 2025.
Persons: Kennedy Ryan, , ” Ryan, TODAY.com, , Ryan, Neevah Saint, Canon Holt, Dessi, Audie, Black creatives Ryan, Dorothy Dandridge, Halle Berry, Dandridge, Carmen Jones, Berry, Black, Kennedy, Black creatives, Billie Holiday, Ma Rainey, Bessie Smith, they’ve, ” Kennedy, Barnes & Noble, ” Kennedy Ryan, that’s, Neevah, there’s, ” What’s, Monk, Verity, I’ve, , I’m, she’s Organizations: Hollywood, Hachette, Harlem Renaissance, Harlem, Academy, Barnes &, Locations: Harlem, American,
Warner Bros. Warner Bros. The settlement with Warner Bros. Discovery, announced Monday, as well as a separate agreement between Warner Bros. The agreement also extends a partnership between NBA Digital and TNT Sports for five seasons that allows the NBA to engage Warner Bros.
Persons: , Comcast’s, Turner, , Ernie Johnson Jr, Charles Barkley, Kenny Smith, Shaquille O’Neal, , Adam Silver, Max, Hulu, Venu that’s, David Zaslav, Silver Organizations: Warner Bros, Discovery, National Basketball Association, Warner Bros . Discovery, NBA, — Disney, Amazon, WNBA, CNBC, ESPN, Turner Sports, TNT, Disney, Comcast, TNT Sports, Nordic, NBA Digital, ABC, College Football, Warner Brothers Discovery Locations: U.S, Poland, Latin America, Brazil, Mexico
Younger users will be able to send "broadcast-only" messages during games. Roblox will also launch new content labels designed to make it easier to decide what is age-appropriate. Users younger than 9 can only access the "minimal" or "mild" content and need parental consent for "moderate." "Since the day we launched, we’ve had a growing population of younger users and we want to help keep them safe on Roblox. Roblox strongly denied this accusation in a lengthy statement and called the report misleading, citing its heavy investment in trust and safety measures.
Persons: Matt Kaufman, Kaufman, we’ve, Roblox Organizations: Research Locations: Roblox, New York
The White House on Monday joined city, state and Jewish community leaders in Ohio condemning a small group who marched through Columbus on Saturday chanting racial slurs and white nationalist slogans while carrying Nazi flags. Neo-Nazis — their faces hidden behind red masks — roamed streets in Columbus today, carrying Nazi flags and spewing vile and racist speech against people of color and Jews," Ohio gov. Shannon Hardin, Columbus City Council president, said on X that the community "rejects their pathetic efforts to promote fear and hate," adding that he was in touch with law enforcement. Columbus City Attorney Zach Klein said on X he was also in contact with police over the march and said his office would monitor the group involved. "Take your flags and the masks you hide behind and go home and never come back," he said.
Persons: Biden abhors, Andrew Bates, Anne Frank, Mike DeWine, Shannon Hardin, Donald Trump, Trump, Karoline Leavitt, Zach Klein, Lee Shapiro, Shapiro, Christopher Pohlhaus, Oren Segal Organizations: Monday, NBC, North Arts, NBC News, Columbus City Council, , Columbus, American Jewish Committee, Trump, Nazi, ” Police, Defamation League Center, Extremism, New York Times, Hate Locations: Ohio, Columbus, United States, Michigan, Charlottesville , Virginia, Springfield , Ohio, Springfield, Louis
Almost 80 million people will hit the roads and airways this Thanksgiving, with traveler numbers surpassing pre-pandemic levels, the AAA predicts. Journeys of 50 miles or more will be made by 79.9 million people in the holiday period — an increase of 1.7 million from last year and 2 million more than in 2019. "Thanksgiving is the busiest holiday for travel, and this year we’re expecting to set new records across the board, from driving to flying and cruising," Stacey Barber, vice president of AAA Travel said in a statement. The majority of trips, 71.7 million, will be by car, meaning 1.3 million more travelers will be on the road compared to last year. A record 5.84 million plan to fly, a 9% increase from 2019, with international flight bookings up 23%, the AAA said.
Persons: Stacey Barber, Bob Pishue, Hertz Organizations: AAA, AAA Travel, Phoenix Locations: Boston , New York, LA, Seattle, Washington, DC, Atlanta, Las Vegas , Los Angeles, Miami, Oahu, Orlando, Florida
Spirit Airlines said Monday it has filed for Chapter 11 bankruptcy protection after struggling with losses, growing debt and a failed merger during the post-pandemic travel lull. The deal comes with a commitment of $350 million in equity investment from bondholders, which it said equates to $795 million of outstanding debt. The company's share price fell from £3.22 to $1.15 last week after the Wall Street Journal reported it was preparing to file for bankruptcy protection, closing on $1.07 on Friday. Spirit said last month it would cut jobs and sell 23 older planes in a bid to save $80 million. Industry analysts said at the time that the court's decision left Spirit with few options but to face a likely restructure and bankruptcy.
Persons: , Ted Christie, Christie, Spirit Organizations: Spirit Airlines, Company, , Wall Street, U.S, JetBlue, Industry Locations: , Florida
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