Spirit Airlines
Spirit, the biggest U.S. budget airline, filed a Chapter 11 bankruptcy petition after working out terms with bondholders. The airline has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion in 2025 and 2026.
The Justice Department said the tie-up would especially hurt cost-conscious travelers who depend on Spirit to find cheaper options to JetBlue and other airlines.
Low-fare airlines Spirit and Frontier announce a multi-billion-dollar merger; the controversy over the Miami Dolphins may have an impact on the race for Chicago's casino; and three multi-million-dollar homes are now off the market for those searching for local luxury homes.
Google is looking to shake up the broadband market in Chicago and compete with Comcast, while hometown airline United is going no-frills. Crain’s Chicago Business deputy managing editor Ann Dwyer joins “Chicago Tonight” with these stories and more.