Spirit Airlines Inc is now dancing with only one suitor. A high-stakes shareholder vote over the low-cost carrier’s proposed merger with Frontier Group Holdings Inc appeared to come down to the wire, with Spirit pausing the proceedings at midday to allow for a few extra hours of negotiations. In the end, despite the additional time and four earlier delays in ...

  For a market that has typically been seen as concentrating on the future, investors can sometimes take a surprisingly backward view. Consider their upbeat reaction to Alphabet Inc’s earnings, reflected in the stock’s 5% jump on July 27. As encouraging as it might be that second-quarter revenue came close to what analysts expected — although the 13% growth rate ...

  Bangladesh is seeking a bailout from the International Monetary Fund (IMF); Pakistan is expected to receive its own $1.2 billion rescue deal soon. Neither wants to end up another Sri Lanka. The island nation was pulled into a vortex of empty dollar coffers, popular anger over shortages of food, fuel and medicines, political chaos and a still-deepening economic funk. ...

  Bloomberg Airbus SE cut its delivery goal and slowed a ramp up in production of its best-selling narrow-body model as supply-chain issues afflicting everything from engines to microchips show no sign of easing. The world’s biggest planemaker now aims to hand over around 700 aircraft in 2022, compared with an earlier target of 720, it said in a statement. ...

Bloomberg Ryanair Holdings Plc’s Spain-based cabin crew plan to strike for four days a week over the next five months in a major escalation of a dispute over pay at Europe’s largest discount carrier. The SITCPLA and USO unions have called 24-hour walkouts from August 8 until January 7, according to a statement. A SITCPLA representative said it had “no ...

Bloomberg JetBlue Airways Corp was close to an agreement to buy Spirit Airlines Inc, according to people familiar with the matter, swooping in hours after Spirit ended a pending merger with Frontier Group Holdings Inc on a lack of shareholder support. An accord was expected to be announced as soon as Thursday, said the people, who asked not to be ...

Bloomberg Singapore Airlines Ltd swung to a profit in the three months through June, as the end of travel restrictions across most of the world sparked a surge in demand for flights. The airline said in a statement that it posted net income of S$370 million ($268 million) in the quarter, compared with a loss of S$409 million in the ...

  Bloomberg SpiceJet Ltd tumbled in Mumbai trading after India’s aviation safety regulator limited the number of seats the budget carrier can sell at 50% for eight weeks following several mid-flight incidents, a move that could severely hurt its ability to earn money. SpiceJet shares fell as much as 9.7% on Thursday, the biggest intraday decline since May 6 and ...

  Bloomberg Glossier, the direct-to-consumer beauty brand, is joining forces with Sephora to mass market its popular products. The deal is the brand’s first-ever partnership with a retailer. Beginning early next year, Glossier will appear in stores across the US and Canada and will be sold on Sephora.com and the Sephora app, Glossier said in a statement. The move looks ...

Bloomberg US President Joe Biden told Chinese President Xi Jinping that he doesn’t support a formal declaration of independence by Taiwan in the first conversation between the two leaders since March, the Beijing government said. Xi told Biden that it’s the will of the Chinese people to “resolutely safeguard China’s national sovereignty and territorial integrity” regarding Taiwan and that “whoever ...