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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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Moss Point accepting Entrepreneur Grant applications

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www.wxxv25.com – Spencer Pullen – 2025-04-02 18:43:00

SUMMARY: Moss Point, Mississippi, is prioritizing economic development with a new $25,000 competitive grant aimed at supporting local businesses. Tom Hewlett, Manager of Titles and Grants, says the initiative is a response to past hardships and a shrinking tax base. The grant targets for-profit businesses with plans to expand, improve operations, or hire new employees. Lakelia Jones, co-owner of Sugar Beans Café, highlights its potential to boost food options and attract more businesses. Applications are due by April 17, with proposals reviewed by financial specialists. The winner will be announced on May 6 at the Board of Aldermen meeting.
 

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Young and hungry Biloxi Shuckers eager to get the 2025 season started

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www.wxxv25.com – Jevan McCoskey – 2025-04-02 13:44:00

SUMMARY: The Biloxi Shuckers are kicking off their 10th season by facing the Pensacola Blue Wahoos in a three-game series. This year’s roster is considered one of the most talented and young in franchise history, with an average player age just over 22. Manager Joe Ayrault is optimistic about the youthful energy of the team. The infield features promising talents like former first-round picks Brock Wilken and Eric Brown Jr., with plans to push each other to improve. K.C. Hunt emphasizes focusing on daily performances as the team aims for another playoff run. The season begins Friday, with the first home game on April 8.

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Val Kilmer, ‘Top Gun’ and Batman star with an intense approach, dies at 65

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www.wxxv25.com – Associated Press – 2025-04-02 09:52:00

SUMMARY: Val Kilmer, the versatile actor known for roles such as Iceman in “Top Gun,” Batman in “Batman Forever,” and Jim Morrison in “The Doors,” has died at 65 from pneumonia in Los Angeles. His daughter confirmed his passing, noting he was surrounded by family. Kilmer rose to fame with films like “Top Secret!” and “Tombstone,” showcasing his range despite facing challenges throughout his career, including a notorious reputation for being difficult to work with. He was open about his personal struggles and artistic journey. Kilmer is survived by his two children, Mercedes and Jack, and leaves behind a legacy of iconic performances.

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