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Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom

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www.wxxv25.com – WXXV Staff – 2024-11-18 11:04:00

SUMMARY: Spirit Airlines has filed for Chapter 11 bankruptcy seeking to restructure amid significant losses and competition from larger carriers. The airline has lost over $2.5 billion since 2020 and faces a billion-dollar debt due in 2025 and 2026. Despite the bankruptcy, Spirit assured normal operations for bookings and employee payments. The company secured a $350 million investment and converted $795 million in debt to equity. Rising costs and lower fares have tarnished Spirit’s profitability, compelling them to alter their business model, including bundled fares, in an attempt to stay competitive in a challenging market.

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Southern Miss Alumna Helps Make History at John C. Stennis Space Center

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www.wxxv25.com – WXXV Staff – 2025-02-22 16:00:00

SUMMARY: Tessa Keating, a University of Southern Mississippi alumna, plays a key role in promoting NASA’s Artemis lunar missions at the John C. Stennis Space Center. A Carriere, Miss. native, she earned her master’s degree in communications from USM in 2006 and began her career at NASA as an intern. Today, as the protocol officer, Keating oversees events and high-level visits while educating the public on space exploration. In 2024, she received the prestigious Silver Snoopy Award for her contributions to NASA Stennis. Keating is passionate about promoting the Artemis program and its historic milestones in space exploration.

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MGCCC’s Dr. Zach Moulds named Phi Theta Kappa Distinguished College Administrator

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www.wxxv25.com – WXXV Staff – 2025-02-22 14:00:00

SUMMARY: Dr. Zach Moulds, Dean of Student Services at Mississippi Gulf Coast Community College’s Harrison County Campus, has been awarded the Phi Theta Kappa (PTK) Distinguished College Administrator for 2025. This recognition acknowledges college leaders dedicated to student success, as nominated by PTK students. Moulds will be honored at the PTK Annual Convention, Catalyst 2025, in Kansas City from April 3-5. He emphasized the importance of the opportunities provided by PTK and MGCCC for student development. Moulds, who joined MGCCC in 2019 and holds multiple degrees, expressed gratitude for the award and pride in his team’s efforts.

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Mississippi Senate advances its tax overhaul

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www.wxxv25.com – WXXV Staff – 2025-02-21 12:48:00

SUMMARY: The Senate Finance Committee has advanced legislation to reduce Mississippi’s income tax and grocery sales tax while increasing the gasoline tax. Republican senators argue these changes will stimulate the economy, proposing to decrease the flat 4% income tax to 2.99% over four years. Democrats, however, claim this disproportionately benefits corporations and harms low-income individuals. The Senate’s plan represents a $326 million net tax cut, less than the House’s $1.1 billion proposal, which seeks complete income tax elimination. The Senate also aims to lower the grocery tax from 7% to 5% by July 2026 and raise the gasoline tax to address highway maintenance funding.

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