Passengers board an Avelo flight at Tweed-New Haven Airport. Connecticut Public Broadcasting | Getty Images News | Getty Images With Spirit Airlines gone from the skies, travelers now have fewer lower-cost options waiting in the wings during the busy summer season. Americans may need to get used to it, as the changes taking place in…
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC Berkshire Hathaway‘s revamp of its portfolio sent certain stocks higher Monday, as investors parsed the company’s latest bets and exits disclosed in the conglomerate’s quarterly filings. The Omaha-based conglomerate disclosed its…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) ABEL OVERHAULS PORTFOLIO Notable positions cut, Alphabet more than tripled, Delta is back Berkshire Hathaway’s equity portfolio got one of its biggest renovations ever…
Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Berkshire Hathaway added a sizeable stake in Delta Air Lines, marking the conglomerate’s return to the airline industry after exiting the sector entirely during the Covid-19 pandemic in 2020. The Omaha-based company built a position…
Spirit Airlines‘ more than three-decade run ended over the weekend, but on Tuesday it was just starting the monthslong process of dismantling the company after the biggest U.S. airline collapse in a generation. Spirit and its stakeholders were in bankruptcy court in White Plains, New York, to start that process, which will take months. The…
A Spirit Airlines plane sits parked at Hollywood Burbank Airport on April 16, 2026 in Burbank, California. Justin Sullivan | Getty Images Spirit Airlines struggled for years, battered by larger, cash-rich airlines that copied its business model, failed mergers, higher costs and, most recently, a surge in jet fuel prices because of the war in…
A Spirit Airlines Airbus A321 airplane taxis at Los Angeles International Airport after arriving from Fort Lauderdale on March 30, 2025 in Los Angeles, California. Kevin Carter | Getty Images Just hours after Spirit Airlines collapsed, its rivals unveiled their new flight plans. Airlines had actually been at work for months on their route changes…
Spirit Airlines kiosks at New York’s LaGuardia Airport on May 2, hours after the carrier shut down. Leslie Josephs/CNBC BALTIMORE/NEW YORK — Spirit Airlines was hours away from its final flights Friday afternoon. Jeremiah Burton was hours away from his first. “It’s my first time flying,” Burton, a 45-year-old air conditioning and heating technician, told…
American Airlines and United Airlines airplanes at the Terminal A at Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Thursday, Jan. 12, 2023. Aristide Economopoulos | Bloomberg | Getty Images American Airlines stock fell Monday after the company rejected talk of a potential megamerger with United Airlines late last week. The legacy…
Wall Street’s scorching rally off its wartime lows back to new highs faces a big test this week: a jam-packed earnings calendar. The list of companies reporting stretches from linchpins of the AI trade like Club name GE Vernova to battleground software stocks such as ServiceNow to companies with their pulse on the industrial economy…
