December 22, 2024
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Airline Industry

Photo by Capitalist Money on November 14, 2024. May be an image of A white airplane with blue and yellow accents is on the tarmac, with the words "BREAKING" and "Spirit Airlines Stock Plunges Amidst Bankruptcy Fears" superimposed on the image. The image may contain text such as 'BREAKING', 'Spirit Airlines Stock Plunges Amidst Bankruptcy Fears', 'Image by YiFeiBot'.

Spirit Airlines Stock Plummets Amidst Bankruptcy Fears and Failed Merger Talks

Capitalist Money06 mins

Spirit Airlines (SAVE) finds itself in dire straits as its stock price plummeted dramatically, trading down over 64% in premarket trading on November 13, 2024. This devastating drop, hovering around $1.14 per share, follows news that the budget airline may be facing bankruptcy within weeks after merger talks with Frontier Airlines reportedly collapsed. The struggling…

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Pete Buttigieg’s Transformation: From McKinsey Consultant to Antitrust Champion?

Capitalist Money06 mins

Pete Buttigieg, the U.S. Secretary of Transportation, has undergone a significant transformation in the public eye. Once perceived as overly cautious and corporation-friendly, particularly regarding the airline industry, he has recently emerged as a surprising advocate for robust government intervention in markets dominated by a few powerful players. This shift, spurred by the chaotic state…

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