Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Instagram Outage Disrupts Thousands of U.S. Users 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
MIRAMAR, Fla., May 09, 2017 -- The U.S. District Court (Southern District of Florida) has granted a motion brought by Spirit Airlines (NASDAQ:SAVE) for a Temporary Restraining Order (TRO) and ordered a motion for a hearing for a Preliminary Injunction (PI). The action was brought against the Airline Pilots Association, International (ALPA), the ALPA Master Executive Council (MEC) of Spirit pilots and individual officers, members and committee members of the MEC. Spirit commenced this action in order to protect its customers from further disruption due to an unlawful job action by Spirit pilots.
The federal court granted the company’s TRO motions after Spirit detailed how ALPA and the other named defendants are purposely and unlawfully disrupting the airline’s operations, leading to hundreds of canceled flights, which has negatively impacted thousands of Spirit customers’ travel plans. Since last Thursday, the pilot actions have affected approximately 15 percent of flights across the network. The federal court hearing for the PI is scheduled for May 15, 2017.
“We sincerely apologize to our customers for the disruption and inconveniences they have suffered. We believe this is the result of intimidation tactics by a limited number of our pilots affecting the behavior of the larger group. We are also shocked and saddened by the events that took place yesterday at Ft. Lauderdale/Hollywood International Airport and at other airports across our network,” said Paul Berry, Spirit Airlines’ spokesman.
“We are hopeful that we can put this moment behind us and get back to serving our customers.” added Berry.
About Spirit Airlines:
Spirit Airlines (NASDAQ:SAVE) is committed to offering the lowest total price to the places we fly, on average much lower than other airlines, on average nearly 40% less* Our customers start with an unbundled, stripped-down Bare Fare™ and get Frill Control™ which allows them to pay only for the options they choose – like bags, seat assignments and refreshments – the things other airlines bake right into their ticket prices. We help people save money and travel more often, create new jobs and stimulate business growth in the communities we serve. Our Fit Fleet is one of the youngest, most fuel-efficient in the U.S. We operate more than 450 daily flights to 60 destinations in the U.S., Latin America and the Caribbean. Come save with us at www.spirit.com.
*U.S. Department of Transportation statistics
MEDIA NOTE: Spirit aircraft photos and video b-roll are available in the press room section of spirit.com at http://www.spirit.com/Pressrelease.aspx.
Contact: Stephen Schuler 954-364-0231 [email protected] En Español: Brittany Portalatin 954-364-0243 [email protected]
