Spirit Airlines raises going-concern doubts

Spirit Airlines raises going-concern doubts

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines has warned of going-concern doubts, just months after emerging from bankruptcy, as weak domestic demand and dwindling cash reserves strain its operations. Adverse market conditions such…

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European firms turn to smaller M&A deals in pursuit of growth

European firms turn to smaller M&A deals in pursuit of growth

Flush with cash from a period of resilient earnings, a growing number of European companies are shunning high-stakes deals in favor of smaller and targeted “bolt-on” acquisitions to pursue growth. Executives from industrial giants to consumer goods firms are deploying capital on strategic deals designed to snap up competitors and acquire technologies instead of staking…

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