Bankruptcy
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Hughes Files for Chapter 11 Bankruptcy as Starlink Competition Erodes EchoStar's Satellite Broadband Business
EchoStar's Hughes satellite broadband unit filed for Chapter 11 after losing 21.7% of subscribers to Starlink and other LEO rivals over the past year.
5 min read4 sources
Spirit Airlines Ceases Operations at 3 AM Eastern on May 2 After Failed $500M Trump Bailout and Iran-War Fuel Spike
Spirit Airlines ended 34 years of flying at 3 AM ET on May 2, 2026, after a $500 million federal rescue collapsed and jet fuel reached roughly $4.51 a gallon — double its restructuring assumption.
6 min read6 sources