The News

Monday, November 18, 2024

Spirit Airlines Files for Bankruptcy Amid Mounting Losses and Debt

November 18, 2024 0

Spirit Airlines announced Monday it has filed for Chapter 11 bankruptcy protection, citing over $2.5 billion in losses since 2020 and more than $1 billion in upcoming debt payments.



The move comes as the ultra-low-cost carrier struggles to recover from pandemic-related challenges and the collapse of a proposed merger with JetBlue Airways.

Despite its financial troubles, Spirit plans to continue operating normally during the bankruptcy process. Customers can still book flights and travel without disruptions, the Miramar, Florida-based airline said.

Rising Costs and Declining Revenues

Spirit's bankruptcy filing underscores a broader struggle to regain profitability. While passenger numbers rose two percent in the first half of 2024 compared to last year, revenue per mile from fares fell nearly 20 percent, reflecting reduced ticket prices.

Compounding this, labor costs have surged, and a glut of flights has driven down leisure travel fares—Spirit's primary market.

A Spirit Airlines Airbus
A Spirit Airlines 319 Airbus approaches Manchester Boston Regional Airport for a landing, Friday, June 2, 2023, in Manchester, N.H. On Monday, the airline said that it has filed for bankruptcy protection and will attempt...  Charles Krupa/AP Photo

CEO Ted Christie acknowledged the financial strain in recent earnings calls, pointing to rising costs and a shift in customer demand.

We are focused on refinancing our debt, improving our overall liquidity position, deploying our new reimagined product into the market, and growing our loyalty programs." Christie said, referring to bundled fare options that include perks including larger seats, free baggage, and in-flight amenities.

However, analysts warn Spirit's new strategy may alienate budget-conscious customers, its core audience, while failing to compete effectively with premium offerings from larger airlines.

Engine Issues and Route Cuts

Operational challenges have further compounded Spirit's woes. Required repairs to Pratt & Whitney engines have grounded several Airbus jets, forcing Spirit to furlough pilots and reduce its fleet availability.

In an unusual move, Spirit plans to cut its fourth-quarter schedule by nearly 20 percent compared to last year, a bid to stabilize fares. While this strategy may have benefited competitors including Frontier, JetBlue, and Southwest Airlines, analysts say the reduction highlights Spirit's ongoing difficulties in maintaining market share.

People stand in line at Spirit desk
Passengers wait in a line for help at the Spirit Airlines ticket counter at the Tampa International Airport Thursday, June 1, 2023, in Tampa, Fla. The airline has lost more than $2.5 billion since the...  Chris O'Meara/AP Photo

Failed Merger and Industry Trends

Spirit's financial troubles were exacerbated by the failed $3.8 billion merger with JetBlue. The deal was blocked earlier this year by the Justice Department, which argued it would harm competition and raise fares for Spirit's low-cost customers. Frontier Airlines also attempted to merge with Spirit in 2022, but was outbid by JetBlue.

Spirit's bankruptcy is the first by a major U.S. airline in over a decade, marking a dramatic turn for the once-thriving budget carrier. Unlike industry giants including Delta and United, which used bankruptcy in the 2000s to restructure successfully, Spirit now faces significant challenges in navigating fierce competition and evolving market demands.

Whether Spirit can emerge from Chapter 11 and remain a viable competitor in the crowded U.S. airline industry remains uncertain.

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Giants bench QB Daniel Jones, turn to Tommy DeVito

November 18, 2024 0

 The New York Giants have benched the struggling Daniel Jones and are expected to name Tommy DeVito as their new starting quarterback, sources told ESPN's Adam Schefter.



The benching of Jones starts the process of the last-place Giants moving on from the quarterback they signed to a four-year, $160 million deal less than two years ago.

DeVito will start in Jones' place beginning Sunday against the Tampa Bay Buccaneers at MetLife Stadium. The Giants (2-8), who are coming off their bye week, also have veteran Drew Lock, who has served as Jones' backup for every game this season.

The change at the quarterback position comes with seven games remaining in New York's season. Although the Giants' record and Jones' play were key factors in the move, ownership and general manager Joe Schoen also had to consider that there is a $23 million injury guarantee in his contract for 2025 that becomes fully guaranteed if he gets injured and is unable to pass a physical in the offseason.


The Giants are not the first team to sit a quarterback to protect themselves against a substantial injury guarantee. Last year alone, the Denver Broncos did the same with Russell Wilson ($37 million) and the Las Vegas Raiders with Jimmy Garoppolo ($11.25 million).

Coach Brian Daboll said after the Week 10 loss to the Carolina Panthers that the Giants would "evaluate" everything during their bye week -- a stark contrast to the previous weeks, when he immediately committed to Jones after losses. At that point, the wheels were in motion to make a quarterback change.

But there have been signs in previous weeks that the Giants would eventually head in this direction. They openly looked for a quarterback at the top of this year's draft and also pulled Jones in a 28-3 Week 7 loss to the Philadelphia Eagles four weeks ago.

DeVito won three straight games last year as a surprise starter following injuries to Jones and Tyrod Taylor. He was the third-string quarterback for every game this season behind Lock.

Jones has struggled since winning a playoff game after the 2022 season and signing his deal in March 2023, with the Giants going 3-13 in his 16 starts over the past two seasons. He has 10 touchdown passes and 13 interceptions, including two costly picks deep in Carolina territory during New York's 20-17 overtime loss in Germany.

Jones, 27, has thrown two touchdown passes and four interceptions in his past five games. He also failed to connect with open wide receivers on a flea-flicker against the Panthers, sending Daboll into a visible tizzy. He went down the sideline yelling and with his arms flailing in disgust.

The Giants, who are 32nd in the NFL in scoring at 15.6 points per game, are in line for one of the top picks in next year's draft, which presumably will go toward a quarterback.

Moving on from Jones is as big an indictment on Daboll and general manager Joe Schoen as it is on the quarterback. They signed him to the eye-opening deal with Jones coming off the best season of his career in 2022 and used the franchise tag on running back Saquon Barkley, who is now thriving with the rival Philadelphia Eagles.

Jones threw 15 touchdown passes and just six interceptions while finishing sixth in QBR during the career year in 2022. He also was close to flawless in a playoff win over the Minnesota Vikings.

But the Giants haven't been able to get Jones back to playing at that level, partly due to injuries and an inoperable offensive line last season. Jones missed games in 2023 with a neck injury and torn ACL

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Sunday, November 17, 2024

Charli xcx Appears in New Version of Ariana Grande's Viral 'Domingo' Sketch on SNL as Julia Fox Cameos

November 17, 2024 0

 


Charli xcx has proven she has major comedy chops. 

The Brat singer, 32, pulled double duty on the Nov. 16 episode of Saturday Night Live as the host and musical guest.

She appeared in a number of sketches over the course of the night, including a hilarious new version of the viral 'Domingo' sketch that Ariana Grande appeared in when she hosted the show on Oct. 12.

In the original "Bridesmaid Speech" skit Grande, 31, played a bridesmaid who couldn't quite hit her notes, alongside Heidi Gardner, Ego Nwodim and Sarah Sherman. Grande sang off key to the tune of Sabrina Carpenter's song "Espresso," about the group's bachelorette party for the bride, played by Chloe Fineman.

In Charli xcx's version of the skit, which was titled, "Babymoon," Fineman returned, this time as a pregnant bride during her baby shower, where the singer, Gardner, Nwodim and Sherman performed a (slightly off key) song about their "besties babymoon," this time to Chappell Roan’s track “Hot To Go."

The Domingo referenced was the same man who, in Grande's skit, the bridesmaids had sung about the bride-to-be flirting with during their bachelorette party.

For the show's musical numbers, the "Girls, so confusing" singer opted to perform "360," which was introduced by Julia Fox in a cameo appearance. The song's lyrics, "I'm everywhere/I'm so Julia," are a nod to Fox, 34.

Charli xcx also performed another track from Brat, her song "Sympathy is a Knife," which also has a connection to Grande, who appeared on the remix of the track.

Elsewhere, the "Apple" singer played Adele in a sketch titled "Wicked Auditions," which featured "unseen" footage of stars (played by Charli xcx and SNL cast members) auditioning for roles in the new movie, as well as Victoria Beckham in a white skirt suit at a Thanksgiving event, in "It Girl Thanksgiving Special."

The evening marked Charli xcx’s third time as the show’s musical guest. She initially performed in 2014 when British actor Martin Freeman hosted. She performed again in 2022 during Oscar Isaac’s episode.

The “Guess” singer has also previously appeared in several digital shorts, including in “The Christmas Socks” music video with Paul Rudd and in the “Meatballs” digital short with cast member Sarah Sherman.

The singer-songwriter recently concluded her Sweat Tour with Australian singer Troye Sivan and released a remix of her Brat album on Oct. 11. The album features Ariana GrandeBillie EilishLorde and more artists.

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You’re claiming our girl,’ South Africans, Nigerians clash over Adetshina’s Miss Universe priz

November 17, 2024 0

 Tensions have flared again between South Africans and Nigerians after Chidimma Adetshina clinched the first runner-up spot at the 73rd Miss Universe pageant in Mexico City.




Miss Denmark, Victoria Kjaer Theilvig, emerged as the winner in a tightly contested finale.

Adetshina’s journey has been marked by controversy. Born to a Nigerian father and a Mozambican mother, and raised in Soweto, she faced xenophobic backlash during the Miss South Africa 2024 pageant, with critics questioning her eligibility due to her father’s nationality.

The ensuing uproar led to an investigation by South Africa’s Home Affairs, which cast doubts on her citizenship.

Now representing Nigeria, her global success has reignited debates.

While some South Africans claim her as one of their own, many Nigerians reject this, pointing to her treatment in South Africa as evidence of her rejection there.

On social media platform, X, a South African blogger, @missuniverseza tweeted, “Congratulations to our golden girl Chidimma Adetshina for placing 1st runner up 🇿🇦🤍🇳🇬. You stood tall & brought pride to all of Africa.

“South Africa and Nigeria we can all be proud. It’s a rare occasion when a black African reaches these heights.”

Reacting, @steveabbey_ wrote, “Which one be South Africa own for inside this one again? Make una get out.”

@skillzxtimi exclaimed, “They are claiming our gal!”


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The serious injuries Stipe Miocic could suffer from Jon Jones' spinning kick

November 17, 2024 0

 The Madison Square Garden in New York City experienced an adrenaline-filled night at UFC 309, which culminated in a clash of legends with Jon Jones's resounding technical knockout victory over Stipe Miocic to retain his heavyweight title with a spinning kick with President-elect Donald Trump as an honorary front-row witness.



The spinning kick that Jones (28-1-0) applied to Miocic (20-5-0) in the ribs bent him over and left him unable to defend himself, so that in the third round his victory was decreed by technical knockout, so that the champion was consolidated as the best fighter in the world against a rival who dominated the division and who is the one who has had more consecutive defenses with four, but who did not do well and even ended up with a wound under his right eye.


The Madison Square Garden in New York City experienced an adrenaline-filled night at UFC 309, which culminated in a clash of legends with Jon Jones's resounding technical knockout victory over Stipe Miocic to retain his heavyweight title with a spinning kick with President-elect Donald Trump as an honorary front-row witness.

The spinning kick that Jones (28-1-0) applied to Miocic (20-5-0) in the ribs bent him over and left him unable to defend himself, so that in the third round his victory was decreed by technical knockout, so that the champion was consolidated as the best fighter in the world against a rival who dominated the division and who is the one who has had more consecutive defenses with four, but who did not do well and even ended up with a wound under his right eye.

Trump, Musk, and Dana White's Epic Entrance at UFC 309 Shocks Madison Square Garden

At 42 years of age, Miocic confessed in the final interview with Joe Rogan what was already feared in case of losing and failing in his attempt to conquer for the third time the title and will say goodbye to the octagon, after not fighting since March 2021, which will continue only as a firefighter in Ohio.

"I am done, I'm going to hang them up. I'm going to retire. Thank God," declared Stipe Miocic after his last battle in UFC.

Stipe Miocic could suffer serious injuries at UFC 309

In addition to the pain of defeat, the powerful spinning kick that Jon Jones delivered to Stipe Miocic could have caused serious injuries, according to a report by Essentially Sports, who quoted sports medicine expert Dr. Brian Sutterer on his YouTube channel, where he analyzed the damage that the Croatian-born American could have suffered


"We can see that the initial impact is going to be absorbed primarily by Miocic's latissimus dorsi, which is his latissimus dorsi muscle. Unfortunately, it doesn't absorb much of the blow and we see this significant amount of deterioration extend to the ribs and upper left thoracic region," Dr Sutterer noted.

The specialist fears that with the force of the impact Miocic could suffer "some injury to the internal organs", but this should be ruled out with a full physical examination, to be sure that his kidney and spleen are not lacerated, although he concluded that an injury will be found: "I would be very surprised if Miocic did not have a fractured rib".

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