Spirit Aviation Holdings Inc.’s second bankruptcy filing in a year signals that the low-cost carrier is finally facing up to the painful steps needed to ensure its survival.

But its board faces daunting challenges on the path ahead, including how to downsize its fleet of leased aircraft while managing the roller coaster market conditions for US air travel that complicate the prospects for a long-term recovery.

US companies are poised to boost their debt levels to help fund a $1 trillion wave of acquisitions, a reversal after years of scaling back their borrowings.

Keurig Dr Pepper Inc. this week said it’s buying coffeemaker JDE Peet’s NV and funding the deal with a €16.2 billion ($19.0 billion) bridge loan. AT&T Inc. said on Tuesday it’s buying spectrum licenses from EchoStar Corp. for about $23 billion, a move that will probably be at least partly funded with bonds.

August 30th, 2025, 3:11 PM GMT+0000

European Union foreign ministers met in Denmark, Copenhagen to discuss options against Israel over the war in Gaza. Possible measures include sanctions on ministers in Benjamin Netanyahu’s government and exports bans from Israeli settlements in the occupied West Bank. (Source: Bloomberg)