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Nobody is safe from inflation and the looming retail apocalypse — not even the airline business.
Most specifically, Spirit Airlines is feeling the pain of rising costs. The company has announced that they plan to sell 23 of their Airbus airplanes.
This is not to clear room for new inventory, but to make back some money that they have lost. The sale of these 23 planes will bring Spirit roughly $500 million dollars. But that's not enough to impress the shareholders, so they upped the ante.
Spirit says they will come up with another $80+ million in available money by cutting their workforce and eliminating some positions. Spirit owes their creditors about a billion dollars. This isn't like you owing your aunt $28 bucks — this is some serious cheddar.
Word of the new cost-cutting plan over at Spirit should be enough to keep their creditors off their heels until after the holidays, but that money will be due then.
Wan to hear something else that shows how much the airline is struggling?
Spirit Airlines stock is down over 80 percent from this time last year.
No word on which employees or jobs will be cut, but with an airline that is already known as the more budget-friendly way to fly, this will be a hit to their reputation as they slim down their assets and try to stay afloat.
Seems as if they need to throw a pep rally at Sprit to get their Spirit back in the right direction.
These Country Singers Are Also Licensed Pilots
When it comes to touring, many of our favorite country stars choose to travel by bus or commercial aircraft, while others have the luxury of chartering a private jet. However, there are a select few artists who can fly themselves to their gigs!
A handful of singers have their pilot's license, and many of them own their own planes, too! Or — in Luke Bryan's case – a helicopter.
Keep scrolling to see which country artists are pilots.
Garth Brooks Sexual Assault Allegations Timeline
A woman accusing Garth Brooks of sexual assault and battery was part of his inner circle for 20 years before what she says happened, happened.
But Brooks and Jane Roe's timelines differ in key ways. Here is a timeline of events, starting with the first time she worked for Brooks' wife, Trisha Yearwood.
Gallery Credit: Billy Dukes
20 Things Carrie Underwood Has Done Since Winning 'American Idol'
Carrie Underwood has been, well, busy since winning Season 4 of American Idol in 2005. Since the confetti fell, the country singer has released nine albums and embarked on seven tours. She's also tried her hand at acting and launched a handful of businesses.
Over the years she's become one of the biggest success stories to come out of the show, winning countless awards and amassing a staggering net worth of over $100 million.
Keep scrolling to see 20 things Underwood has done since her time on the reality singing competition.
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