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Abra pulls plug on Gol-Azul deal, ending talks on major Brazil airline merger
Yahoo Finance· 2025-09-26 01:38
By Gabriel Araujo and Luciana Magalhaes SAO PAULO (Reuters) -Airline group Abra has decided to terminate talks on a potential merger between Brazilian carrier Gol, which it controls, and rival Azul, a securities filing showed late on Thursday. The move ends prospects for the creation of a dominant airline in Latin America's largest economy, which would have held roughly 60% of the domestic market, surpassing the local unit of Chile-based LATAM Airlines. Abra Group - the majority investor in Gol and Colo ...
Spirit Airlines warns it may not survive another year
Fox Business· 2025-08-12 17:05
Spirit Airlines warned Tuesday that it may not make it through another year, citing concerns over its ability to raise enough cash, despite having successfully restructured its debt and emerging from bankruptcy just months ago.  The beleaguered low-cost carrier said in a Securities and Exchange Commission (SEC) filing that it continues to be affected by "adverse market conditions," including continued weak demand for domestic leisure travel in the second quarter of 2025. The persisting challenges created a ...