-Spirit Airlines' said on Friday it will get a monthly credit from International Aero Engines through the end of 2024 as compensation for Spirit being unable to use aircraft with engine issues.
The impact to Spirit's liquidity will be determined by the number of days in 2024 in which Spirit aircraft are unavailable due to engine issues, according to the filing. Rising operating costs and persistent supply chain problems have the ultra low-cost carrier grappling with liquidity issues and struggling to return to sustainable profitability. That has raised concerns about the company's ability to repay debt due to mature next year.Spirit's survival was jeopardized after regulators scrapped a $3.8 billion merger agreement with JetBlue Airways that would have created the fifth-largest carrier in the U.S.
Truth Social's owner, which counts Donald Trump as its biggest shareholder, is now worth more than American Airlines and Ralph Lauren by one measure.The stock value of Reddit and Donald Tump's Truth Social took a hit by the end of trading on Thursday ahead of Easter weekend and the NYSE's Friday closure.This dividend stock has been absolutely crushing the TSX 60 and looks like it will continue to do so while providing a juicy dividend.