Why Silver Airways just halted some Florida flights, and what it means for travelers
The action came after the cash-strapped carrier failed to reach an agreement to renew an extension that would have allowed it to continue to fly the planes for another 60 days. The airline is still serving travelers through Fort Lauderdale, Tampa and Puerto Rico with the remaining 11 leased planes still in its fleet, the company said in a statement Monday. The airline, which was founded more than 13 years ago, serves Florida, the Bahamas and the Caribbean, with a large 'gateway' at Fort Lauderdale-Hollywood International Airport.
Travel disruptions for Silver customers at Orlando International started Saturday when the airline abruptly canceled all of its operations: 'We received notification Saturday afternoon that, effective immediately, all departing and arriving flights with Silver Airways are canceled,' according to a statement from Angela Starke, senior vice president of public affairs for the airport.
Read the full story at sun-sentinel.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
11 hours ago
- Business Wire
Renesas Announces Loss Resulting from Signing Restructuring Support Agreement with Wolfspeed
TOKYO--(BUSINESS WIRE)--Renesas Electronics Corporation (TSE: 6723, "Renesas"), a premier supplier of advanced semiconductor solutions, today announced the finalized amount of the loss, previously disclosed as an estimate in the announcement titled ' Renesas Announces Expected Loss Resulting from Signing Restructuring Support Agreement with Wolfspeed ' on June 23, 2025. 1. Recording of Loss Renesas previously announced that there was a possibility of recording a loss of approximately 250 billion yen (converted at an average exchange rate of 150 yen to the dollar during the period) on the deposited receivables related to a deposit provided to Wolfspeed, Inc. (NYSE: WOLF, 'Wolfspeed') in its consolidated financial statements for the six months ended June 30, 2025. Following a thorough review based on the restructuring plan that Wolfspeed filed with the U.S. court under Chapter 11 of the U.S. Bankruptcy Code and other related matters, Renesas recorded a loss of 235 billion yen in the consolidated financial results for the six months ended June 30, 2025. 2. Future Outlook The loss mentioned above has been reflected in the " Renesas Reports Financial Results for the Second Quarter Ended June 30, 2025" announced on July 25, 2025. About Renesas Electronics Corporation Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. A leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at Follow us on LinkedIn, Facebook, Twitter, YouTube, and Instagram.
USA Today
12 hours ago
- USA Today
At Home canceling some store closures, despite bankruptcy: See where
At Home filed for bankruptcy last month and said that it would close 26 "underperforming" stores by the fall. Now, the retail chain announced that two of those stores will stay open. The furniture and home decor retailer based in Coppell, Texas, filed for Chapter 11 bankruptcy on Monday, June 16, as a result of "broader economic and retail-specific market pressures," court documents showed. The bankruptcy filing and store closures follow several other "big box" retailers that have followed suit this year, including Big Lots, Joann Fabrics, Kohl's, JCPenney, Macy's, and Party City. The company employed about 7,170 employees when it filed for bankruptcy protection. Here's what to know about the cancellation of two store closures: Which At Home locations are staying open? The following stores in New Jersey and Wisconsin will remain open: Which At Home stores are closing? The following stores will close by Sept. 30 of this year: Why did At Home file for bankruptcy? Court documents said that rising interest rates, "persistent inflation," and a growing concern over unsustainable customs costs resulting from increased tariffs led At Home to file for bankruptcy. As a result, At Home has already closed six stores over the past year. "Given the expenses associated with brick-and-mortar operation and the issues affecting the retail industry, a number of the (At Home) remaining stores are operating at sub-optimal performance levels," court documents revealed. As part of the bankruptcy filing, ownership of At Home will be transferred to a group of hedge funds and investment firms based in New York City and San Francisco, as outlined in a news release.
Miami Herald
13 hours ago
- Miami Herald
Pizza Hut rival dining chain files for Chapter 11 bankruptcy
Domino's continues to hold the advantage over Pizza Hut in total locations among pizza chains, with 21,536 global units and 7,061 U.S. restaurants, according to the company's 2025 second-quarter results released on July 21. Pizza Hut used to be the world's largest pizza chain until 2017, when Domino's surpassed the Hut in global sales with $12.25 billion compared to $12.03 billion. Pizza Hut reported a total of 20,225 global locations and 6,474 U.S. locations in the first quarter of 2025. It will release second-quarter results on Aug. 9. Related: Popular pizza dining chain franchisee files Chapter 11 bankruptcy Domino's also beat analyst projections in the second quarter for same-store sales, rising 3.4% in the quarter ending June 15, exceeding analysts' average estimated increase of 2.21%, Reuters reported. Domino's: Global, 21,536; U.S., 7, Hut: Global, 20,225; U.S., 6,474. The dominance of Domino's and Pizza Hut has impacted a lot of smaller pizza dining chains, like Backdraughts Pizza, which can't compete with the two largest chains' sheer number of locations and their huge advertising budgets. Fierce competition, along with rising labor and food costs, has forced many smaller pizza restaurant chains to close locations and sometimes file for Chapter 11 or Chapter 7 bankruptcy protection. Image source: Bloomberg/Getty Images Popular brick-fired pizza and craft beer chain Back Draughts LLC filed for Chapter 11 bankruptcy protection to reorganize its business on July 23. The New Port Richey, Fla., pizza restaurant chain, whose locations are known as Backdraughts Pizza, filed its Subchapter V petition in the U.S. Bankruptcy Court for the Middle District of Florida, listing up to $50,000 in assets and $1 million to $10 million in liabilities. The family-owned pizza chain, which opened about six years ago in a downtown Post Office building, currently operates locations in Tarpon Springs and New Port Richey, Fla., as well as the Twisted Orange Craft Cocktail Lounge in Tarpon Springs. People First Pizza: March 26, 2025Zeppe's Tavern: March 31, 2025;Bertucci's Restaurants: April 24, 2025;Red Door Pizza LLC: July 15;Back Draughts: July 23. Other small pizza chains also faced financial distress this year as rock and roll-themed pizza restaurant franchise Zeppe's Tavern in Newbury, Ohio, filed for Chapter 11 bankruptcy on March 31, 2025, seeking to reorganize its business. Zeppe's Tavern consists of 13 locations in Northeast Ohio and one in Naples, Fla., according to the restaurant's website. Major iconic food brand files for Chapter 11 bankruptcyPopular Dairy Queen rival franchisee files Chapter 11 bankruptcyPopular vision care chain files for Chapter 11 bankruptcy East Coast pizza chain Bertucci's Restaurants filed for Chapter 11 protection three times in seven years, facing economic issues. The pizza chain first filed in April 2018, and then filed a second time in December 2022, when it operated 31 restaurants. Bertucci's had 15 restaurants when it filed the third time in April 2025. Related: Popular vodka and gin brand declares Chapter 11 bankruptcy Even some of the largest chains were not immune from filing for bankruptcy, as People First Pizza Inc., which operated Domino's Pizza locations, on March 26, 2025, filed for Chapter 11 bankruptcy protection to reorganize its business, facing over $500,000 in disputed claims. The franchisee planned to continue operating. Greenville, S.C.-based Little Caesars pizza franchisee Red Door Pizza LLC, which is owned by fast-food chain franchisee Red Door Brands LLC, filed for Chapter 11 bankruptcy protection on July 15 along with three affiliates, seeking to restructure their businesses. Don't miss the move: Subscribe to TheStreet's free daily newsletter The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
