Spirit Airlines Inc. carved out a niche as the ultra low-cost, no-frills carrier, charging for everything from carry-on bags to printing boarding passes. It’s achieved another get-what-you-pay-for milestone, this time as the airline with the worst on-time record in North America.
Deutsche Lufthansa AG, Europe’s second-largest airline, said it plans to increase freight volumes faster than rivals this year as bigger planes join the fleet and some carriers cease competing as fiercely.
Republic Airways Holdings Inc. jumped the most since the shares began trading in 2004 after expanding its restructuring of Frontier Airlines and saying it plans to sell or spin off the carrier acquired out of bankruptcy in 2009.
Republic Airways Holdings Inc. is counting on pilots approving concessions to kick-start a $120 million restructuring plan at its Frontier Airlines unit, 20 months after buying the carrier out of bankruptcy.
Yellow-page publisher R.H. Donnelley Corp. filed a Chapter 11 petition late yesterday in Delaware along with agreement on a reorganization plan reducing debt by $6.4 billion and giving all of the new stock and $300 million in unsecured notes to holders of 11 issues of unsecured notes.