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🛫 Ectaa, the European association of travel agents, criticizes the draft report on the revision of the travel package directive in Brussels. The report is said to overlook market operators' concerns, failing to enhance consumer protection or industry stability. Ectaa is disappointed by the lack of in-depth dialogue and by the report's definition of a package, which now includes two sales on the same website within 72 hours, complicating retailers' ability to distinguish between a package and a single service. The association challenges the 25% limit on advance payments, which could affect retailers' liquidity. Travel package directives represent less than 15% of travel services sold in the EU market, a decrease from 40% in 2013, and Ectaa urges the EU to improve protection for the 85% of consumers using single services.

✈ Spirit Airlines, poised to exit Chapter 11 bankruptcy, received approval from a New York court for its restructuring plan. The airline anticipates new investments of $350 million and plans to issue $840 million in new secured senior debt post-Chapter 11. Additionally, Spirit expects a new credit line up to $300 million.