Business

Reports say that Spirit Airlines is about to go out of business since it can't recover from bankruptcy and fuel prices are going higher.Bloomberg has a new report that says the airline could go out of business as soon as this week. The war in Iran is likely to blame for the rising fuel prices. Spirit is the country's best ultra-low-cost airline. Its planes are yellow and it doesn't offer any extra services. It works out of Terminal A at LaGuardia Airport, which is modest yet has a lot of history.The Florida-based airline is going through its second bankruptcy right now. Last month, it said it will restructure by getting new planes, offering premium ticket options, and focusing on its strongest routes, which include Fort Lauderdale, Orlando, LaGuardia, and Newark.Zach Griff, a travel exp...

Toyota just showed that the American vehicle market has been slow to adapt. People will buy a luxury electric car if you price it like a regular car. The bZ7 electric vehicle got more than 3,100 orders in the first hour after it came out in China on April 15. The news has been big news in the business ever since. The bZ7 is made by Toyota's GAC joint venture and comes in five trim levels, with prices ranging from 147,800 to 199,800 Chinese yuan, or about $21,500 to $29,000. Those prices are some of the most aggressive Toyota has used in years for a car in the luxury market. What makes the bZ7 so popular?The bZ7 isn't skimping on quality to get that pricing. Toyota worked with Chinese tech companies Xiaomi, Momenta, and Huawei to construct the car's technology stack. The benef...

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