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Spirit Airlines set to shut down. What travelers need to know

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Spirit Airlines set to shut down. What travelers need to know

Spirit Airlines check-in Kiosks sit idle at Oakland International Airport on August 13, 2025 in Oakland, California.

Justin Sullivan | Getty Images

Spirit Airlines could shut down as early as 3 a.m. ET Saturday, according to people familiar with the matter. The carrier has failed to secure a financial lifeline to continue operating, though it hasn’t commented on the potential shutdown or its plans.

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About 290 Spirit flights are scheduled for Saturday, according to aviation site Flightradar24. Another 381 are scheduled for Sunday.

Travelers with Spirit tickets could be understandably rattled. While there have been some U.S. airlines to shut down in recent years, the budget carrier is larger than most recent airline failures and links major cities like New York, Miami, Detroit and Los Angles — and many others in between — with its Airbus jets.

Here’s what travelers need to know:

You have a Spirit ticket. What should you do?

Immediately? Nothing.

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Travelers who are booked on a Spirit flight, like this CNBC reporter is for later this month, are likely to receive a refund if they purchased tickets with a credit card.

If the ticket was bought with a debit card or with loyalty points, however, the chances of recovering funds are slim to none, said Henry Harteveldt, founder of Atmosphere Research Group, a travel consulting firm.

“If you’re holding a reservation for a flight on Spirit don’t proactively cancel it. Wait for the airline to announce it is shutting down,” he said.

Would Spirit be able to help you at the airport?

Don’t count on it.

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Spirit has declined to comment on a potential shutdown. If it confirms an end to operations, the carrier will most likely have information on its website about travelers’ next steps.

Harteveldt said travelers shouldn’t go to the airport expecting to find Spirit staff in the event the airline ceases operations. Call centers are likely to be overwhelmed if they are still staffed.

That could leave passengers with fewer answers than they’d like, but other airlines are likely to help assist affected customers.

Airlines that offer last-minute fares, likely with some discounts, will be available to travelers at airport ticket counters.

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How can another airline help?

United Airlines, JetBlue Airways, Frontier Airlines and American Airlines are among the carriers that have said they are ready to assist Spirit customers and crews if the carrier shuts down.

That could mean scheduling additional flights to carry the stranded passengers, similar to what they do during a hurricane or other natural disaster.

Why could Spirit shut down?

Spirit, known for bright yellow planes, low fares and fees for everything else, had been successful for years, but this week it’s been on the brink of liquidation after failing to reach a deal with bondholders for a $500 million government bailout from the Trump administration.

Last year Spirit filed for its second bankruptcy in less than a year, though it’s had a host of problems even before then.

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A plan to be acquired by JetBlue was blocked. Rising costs upended its business model. An engine defect grounded dozens of its planes. And, more broadly, upscale travel became more popular with consumers, driving airline profits.

At the same time, big, legacy airlines were selling their own basic economy fares that were similar to what Spirit was offering, but with bigger networks.

What does this mean for travel going forward?

Airlines have been adding flights since Spirit’s bankruptcy filing last year on some of its routes and at major airports. They’re likely to keep doing so.

Experts have said they expect fares to rise, at least in some markets, if the discounter goes away, even though the carrier has shrunk substantially.

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Form 13G Eloxx Pharmaceuticals For: 1 May

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Form 13G Eloxx Pharmaceuticals For: 1 May

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Timberwolves Star at Least Two Weeks From Knee Injury Comeback

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Anthony Edwards #1 of the Minnesota Timberwolves pauses during the second half against the Cleveland Cavaliers at Rocket Mortgage Fieldhouse on February 28, 2022 in Cleveland, Ohio. The Timberwolves defeated the Cavaliers 127-122.

MINNEAPOLIS — Minnesota Timberwolves star Anthony Edwards is expected to miss at least two weeks with a bone bruise and hyperextension in his left knee.

Anthony Edwards #1 of the Minnesota Timberwolves pauses during the second half against the Cleveland Cavaliers at Rocket Mortgage Fieldhouse on February 28, 2022 in Cleveland, Ohio. The Timberwolves defeated the Cavaliers 127-122.
Anthony Edwards

The injury occurred in Game 4 when Edwards landed awkwardly after contesting a shot. He was helped off the court in visible pain, sparking immediate concern among fans and analysts. An MRI confirmed no structural ligament damage, a significant relief, but the bone bruise requires careful rehabilitation to avoid long-term complications. The Timberwolves have listed him as week-to-week while emphasizing a cautious approach.

Shams Charania of ESPN reported the two-week minimum timeline, noting it positions Edwards for a potential return “at some point in the second round” if Minnesota advances. The Wolves currently lead the series, but Edwards’ absence has tested their depth against a resilient Nuggets team. Coach Chris Finch has praised the supporting cast while acknowledging the challenge of replacing Edwards’ scoring and athleticism.

The timeline aligns with typical recovery for bone bruises in athletes. These injuries involve trauma to the bone beneath cartilage and can cause significant pain and swelling. Hyperextension adds soft tissue strain, requiring progressive loading to restore strength and confidence. Edwards also manages patellar tendinitis in his right knee, adding complexity to his rehabilitation protocol.

Medical experts say bone bruises heal at varying rates depending on severity, location and individual factors. A two-week absence represents the optimistic end of the spectrum, with some cases requiring four to six weeks for full return to high-level competition. The Timberwolves’ medical staff, working with specialists at Mayo Clinic, will monitor progress through imaging and functional testing before clearing Edwards.

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Edwards’ potential absence has major implications for Minnesota’s postseason hopes. As the team’s leading scorer and dynamic playmaker, he averages over 27 points per game in the playoffs. His ability to attack the rim and create for teammates has been central to the Wolves’ success. Without him, opponents can focus defensive attention on Karl-Anthony Towns and others, potentially slowing the offense.

Finch has adjusted lineups and strategies to compensate. Increased minutes for bench players and tactical tweaks have kept the team competitive, but the drop-off in explosiveness is noticeable. If the series extends or Minnesota advances, the coaching staff will carefully manage Edwards’ minutes upon return to avoid re-injury.

The injury occurred at a critical juncture in Edwards’ young career. At 24, he has emerged as one of the NBA’s brightest stars, with All-Star selections and playoff heroics. His absence tests the franchise’s depth and resilience as it aims for a deep postseason run. Team officials have expressed confidence in the roster’s ability to compete while prioritizing Edwards’ long-term health.

Fan reaction has been a mix of concern and optimism. Social media is filled with well-wishes and debates about return timelines. The Wolves’ playoff run has captivated Minnesota, with Edwards’ charismatic personality and highlight-reel plays endearing him to supporters. His potential return in the second round could provide a massive boost if the team reaches that stage.

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Broader NBA implications include player load management and injury prevention. Edwards’ high-usage style and athleticism make him susceptible to lower-body injuries despite his youth. League-wide discussions about rest, scheduling and medical protocols continue as stars miss time in critical playoff moments. The Timberwolves’ handling of Edwards’ recovery could serve as a case study.

As rehabilitation progresses, the focus remains on incremental milestones. Initial rest and swelling reduction will give way to strength training, agility work and eventually on-court drills. Edwards’ competitive nature suggests he will push to return as soon as medically safe, but the organization will err on caution to protect his future.

The coming days will bring more clarity as the series unfolds and medical updates emerge. For now, the Timberwolves face a formidable challenge without their star, while Edwards works behind the scenes preparing for a potential heroic return. The two-week minimum provides a target, but playoff basketball’s unpredictable schedule could align favorably or extend his recovery window.

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Stryker First-Quarter Sales, Profit Rise as it Dealt with Cyberattack

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Stryker First-Quarter Sales, Profit Rise as it Dealt with Cyberattack

Stryker posted higher profit and sales in the first quarter, during which it was hit by a cyberattack that reportedly was in retaliation to the war in Iran.

The medical-device company on Thursday posted a profit of $745 million, or $1.93 a share, compared with $654 million, or $1.69 a share, in the same quarter a year ago.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Thai Airways International to Double Fuel Surcharges Starting May 1

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Thai Airways International to Double Fuel Surcharges Starting May 1

Thai Airways International will nearly double fuel surcharges on most routes from May 1 due to soaring jet fuel prices. This follows recent flight reductions. Tickets issued before May 1 will retain existing rates.


Key Points

  • Fuel Surcharge Increase: Thai Airways is nearly doubling fuel surcharges on many routes for tickets issued from May 1st due to soaring jet fuel prices caused by the US/Iran conflict.
  • Route Impact and Examples: Both regional and long-haul flights will be affected, with significant price hikes on routes like Bangkok-Yangon, Bangkok-Beijing, Bangkok-Seoul, Bangkok-Sydney, and European destinations.
  • Ticketing Deadline: Passengers whose tickets are issued by April 30th will retain the current, lower surcharge rates, regardless of their travel date.

Increased Fuel Surcharges Implemented

Thai Airways International is set to significantly increase fuel surcharges on numerous routes, effective for all tickets issued from May 1. These surcharges, integrated directly into the ticket price, will impact both regional and long-haul flights. This adjustment follows a recent reduction in flight frequencies across domestic, regional, and intercontinental services. The airline attributes this decision to a substantial surge in jet fuel prices, which have reportedly tripled since the commencement of the US/Iran conflict. This measure aims to offset the escalating operational costs associated with fuel.

Specific Route Adjustments and Passenger Protection

The revised fuel surcharges present a marked increase across various routes. For instance, the Bangkok–Yangon route will see surcharges rise from USD 49 to USD 93 in economy class. Similarly, Bangkok–Beijing and Bangkok–Delhi routes will experience an increase from USD 126 to USD 241 for economy class tickets. Longer routes, such as Bangkok–Sydney, will jump from USD 203 to USD 389 in economy. The steepest hikes are observed on European routes like Milan, London, and Paris, where economy class surcharges will climb from USD 275 to USD 524. Crucially, passengers with tickets issued by April 30 will retain the existing surcharge rates, irrespective of their travel date.

Rationale and Market Context

The airline’s decision to almost double fuel surcharges is a direct response to the volatile global fuel market, exacerbated by geopolitical tensions. The tripling of jet fuel prices has created an unsustainable cost burden for the airline. This financial pressure is also reflected in the airline’s prior decision to reduce flight frequencies, indicating a broader strategy to optimize capacity and manage operational expenses. This move aligns with industry-wide trends, as indicated by related news about other carriers reducing flights and airfares surging on Europe-Asia routes due to similar market conditions.

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Magnetar sells $25m of CoreWeave (CRWV) stock

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Magnetar sells $25m of CoreWeave (CRWV) stock

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Baby Born Prematurely Aboard ITA Airways Flight From Dakar to Rome

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Dubai International Airport
ITA Airways

A woman who was seven months pregnant unexpectedly gave birth aboard an ITA Airways flight.

The flight was on its way to Rome from Dakar, the capital of Senegal.

Woman Gives Birth on ITA Airways Flight

According to a report by TravelPulse, the woman went into labor around an hour after takeoff. She safely delivered her baby with the help of a doctor and a nurse who happened to be onboard.

“On flight AZ855, which departed from Dakar last night and was headed to Rome Fiumicino, about an hour after takeoff a woman who was seven months pregnant prematurely gave birth to a baby,” the airline revealed in its statement, which was written in both Italian and English.

Both the mother and the baby are reportedly in good condition.

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First Birth on an ITA Airways Flight

ITA Airways has announced the “happy and unexpected” event on social media, according to Wanted in Rome. The airline also confirmed that this event is actually quite history-making for the airline.

“The baby, in perfect health, is the first child ever born on board an ITA Airways aircraft,” the airline revealed in its statement.

The statement added, “The airline wishes him a wonderful life full of joy.”

Originally published on Travelers Today

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Apple Stock Continues to Edge Higher Ahead of the Close

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Apple Stock Continues to Edge Higher Ahead of the Close

Apple stock was rising in afternoon trading on Thursday ahead of the iPhone maker releasing its fiscal second-quarter financial results.

Shares were up 1.1% to $273.03. The stock is now in the green for the year, up 0.5%.

Investors look to be betting that Apple will report strong results.

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Dow Jones Surges Past 49,700 as Market Optimism Builds on Strong Earnings and Economic Resilience

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FTSE 100 Surges 0.8% Today as Oil Eases and Markets

NEW YORK — The Dow Jones Industrial Average climbed above 49,700 points Thursday morning, gaining more than 87 points in early trading as investors responded positively to a wave of strong corporate earnings and signs of economic resilience despite lingering concerns over inflation and geopolitical tensions.

The blue-chip index rose 0.18% to 49,739.96 in the first minutes of trading on May 1, 2026, continuing a strong run that has seen the Dow post multiple record closes in recent sessions. The advance reflects broad optimism across sectors, with technology, financials and consumer stocks leading gains as companies demonstrate resilience amid a complex macroeconomic environment.

Strong quarterly reports from major firms have underpinned the rally. Apple, Microsoft and other tech giants have beaten expectations, showcasing robust demand for AI-related products and services. Financial institutions have benefited from higher interest rates and steady loan growth, while consumer companies report resilient spending despite inflationary pressures. The earnings season has largely alleviated fears of a significant slowdown, boosting investor confidence.

Economists point to several supporting factors. The labor market remains relatively robust, with unemployment holding steady and wage growth supporting consumer spending. Federal Reserve officials have signaled a cautious approach to rate cuts, providing stability while inflation moderates. Corporate America’s focus on efficiency and technology investment has helped offset cost pressures in areas like labor and supply chains.

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The Dow’s performance stands out in a market where major indices have shown mixed results. The S&P 500 and Nasdaq have also advanced but face greater volatility due to their heavier technology weighting. Sector rotation has played a role, with investors shifting toward value stocks and industrials as concerns about overvalued tech names persist. The Dow’s more traditional composition has provided a measure of stability.

Analysts caution that challenges remain. Geopolitical risks, particularly around energy supplies and trade tensions, continue posing upside risks to inflation. Memory chip shortages and AI-driven demand have created supply constraints for some manufacturers, as noted by Apple CEO Tim Cook in recent comments. Corporate earnings may face tougher comparisons in coming quarters if economic growth slows.

Despite these headwinds, market sentiment remains constructive. Technical indicators show the Dow maintaining an uptrend, with strong support levels holding during recent pullbacks. Volume has been healthy, suggesting broad participation rather than narrow leadership. Options activity indicates investors are positioning for continued gains while hedging against potential volatility.

The rally has lifted broader market capitalization, benefiting retirement accounts and institutional investors. Individual investors have also participated through index funds and ETFs tracking the Dow. Financial advisors note the importance of diversification, as sector performance varies widely in the current environment. Defensive sectors like utilities and consumer staples have provided ballast during periods of uncertainty.

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Looking ahead, investors will watch upcoming economic data releases, including employment figures and inflation readings. The Federal Reserve’s next policy meeting will also draw attention, with markets pricing in limited rate adjustments for the near term. Corporate guidance during earnings calls will provide further clues about the health of consumer and business spending.

The Dow’s advance past 49,700 marks another psychological milestone in a year of record-setting performance. The index has benefited from resilient corporate profits and a soft-landing narrative for the economy. Whether the momentum sustains will depend on incoming data and corporate execution in a high-interest-rate world.

Market participants remain vigilant. While optimism prevails, memories of past volatility remind investors that sentiment can shift rapidly. Diversification, disciplined approaches and focus on fundamentals remain key recommendations from financial professionals navigating the current environment.

As trading continues, the Dow’s performance will be closely watched as a barometer of broader economic confidence. The index’s composition of established blue-chip companies provides a window into the health of traditional American business amid rapid technological and global changes. Early gains on May 1 suggest investors are betting on continued resilience.

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US Justice Department can use military lawyers to prosecute civilians, judge rules

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US Justice Department can use military lawyers to prosecute civilians, judge rules


US Justice Department can use military lawyers to prosecute civilians, judge rules

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Is It a Long-Term Buy at $25 Amid Retail Transformation?

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GameStop (GME) Shares Edge Lower in Quiet Trading as Ryan

NEW YORK — GameStop Corp. shares hovered around $25 in early trading Friday as investors weighed the company’s cash-rich balance sheet and potential strategic moves against ongoing challenges in its core retail business, leaving analysts divided on whether the meme stock favorite represents a compelling long-term opportunity or a high-risk legacy play.

The video game retailer has transformed since its 2021 meme stock frenzy, amassing nearly $9 billion in cash and equivalents while reducing debt and exploring diversification under CEO Ryan Cohen. Yet physical game sales continue declining amid digital shifts, raising questions about long-term viability even as Wall Street debates the company’s evolution into a potential holding entity.

Analysts offer a wide range of 2026 price targets, from bearish forecasts around $13 to more optimistic scenarios near $36 if acquisitions materialize. The average target sits near $24, suggesting limited upside from current levels according to consensus models. However, the stock’s volatile history and dedicated retail investor base mean traditional metrics may not fully capture its potential.

Bullish arguments center on Cohen’s track record and GameStop’s financial flexibility. With billions in cash and minimal debt, the company is well-positioned for acquisitions or investments that could pivot it beyond traditional retail. Speculation has swirled around potential deals in collectibles, e-commerce or even unrelated sectors, echoing Cohen’s Chewy success. Proponents see GameStop evolving into a junior Berkshire Hathaway-style entity, leveraging its brand and shareholder base for long-term value creation.

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Skeptics highlight structural headwinds in video game retail. Physical sales have plummeted as digital downloads and cloud gaming grow. Competition from Amazon, Walmart and specialized online retailers has eroded market share. While GameStop has expanded into PC components and collectibles, these segments face their own challenges amid economic uncertainty and shifting consumer habits. Revenue declines and thin margins raise concerns about sustainability without successful diversification.

Recent financial performance shows mixed signals. The company has posted better-than-expected results in some quarters through cost-cutting and inventory management. However, year-over-year sales trends remain pressured. Cash burn has slowed, but profitability outside of occasional spikes remains elusive. Management has emphasized capital allocation discipline, but investors await concrete evidence of a successful pivot.

The meme stock legacy continues influencing trading patterns. High short interest and passionate retail ownership create potential for volatility spikes unrelated to fundamentals. This dynamic has both benefited and harmed long-term holders, with sharp rallies followed by prolonged declines. Analysts caution that sentiment-driven moves can obscure underlying business realities.

Long-term buy considerations depend heavily on execution. A successful major acquisition could re-rate the stock significantly higher, while continued retail erosion without strategic success could lead to further value destruction. The company’s cash position provides a substantial margin of safety but also raises questions about opportunity cost if deployed poorly. Investor patience will be tested as Cohen’s vision unfolds.

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Broader retail sector trends add context. Traditional brick-and-mortar players face existential challenges from e-commerce and changing consumer preferences. GameStop’s situation mirrors struggles at other specialty retailers, though its cult following and cash reserves differentiate it. Successful adaptation could serve as a model, while failure might accelerate industry consolidation.

Risks remain substantial. Regulatory scrutiny, competitive pressures and macroeconomic factors could derail turnaround efforts. The stock’s valuation, while lower than meme-era peaks, still reflects optimism about transformation that has yet to fully materialize. Dilution risks from potential equity raises or poor capital allocation represent additional concerns for shareholders.

For patient investors comfortable with volatility, GameStop offers asymmetric upside if Cohen delivers. The cash hoard provides dry powder for opportunistic moves in a distressed retail landscape. However, most traditional analysts recommend caution, favoring more predictable businesses with clearer growth trajectories. The meme factor adds unpredictability that may not suit conservative portfolios.

GameStop’s story remains one of the most compelling in modern markets — a legacy retailer reborn through retail investor fervor and activist leadership. Whether it becomes a long-term winner or cautionary tale will depend on strategic execution in the years ahead. As 2026 progresses, earnings reports and any major announcements will likely dictate the stock’s direction more than short-term price action.

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