Mary Schlangenstein
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
Spirit Airlines Projects Lower-Than-Expected $1.28B Q2 Revenue Amid Ancillary Sales Pressure and Competitive Market Challenges
Broke On: Tuesday, 16 July 2024Spirit Airlines projects lower-than-expected $1.28 billion Q2 revenue due to underperformance in non-ticket sales, primarily ancillary fees, caused by competitive marketplace changes. The airline faces challenges from oversupplied market and engine recall issues, but remains committed to revenue improvement. Southwest Airlines Ponders Major Transformation: Studying Seating Preferences Amid Financial Struggles and Industry Trends
Broke On: Friday, 26 April 2024Southwest Airlines, the budget carrier known for its open seating policy, is considering major changes to improve financial performance and attract younger customers. The airline's CEO, Bob Jordan, is studying customer preferences for potential shifts in boarding and seating processes. Financial pressures include a net loss of $231 million due to Boeing delays and FAA oversight. Southwest may introduce premium seats or assigned spots to boost revenue like competitors Delta and United. JetBlue Airways Cuts Unprofitable Routes and Exits 5 Cities After Failed Acquisition Attempt
Broke On: Tuesday, 19 March 2024JetBlue Airways is cutting unprofitable routes and leaving 5 cities to reduce costs after a failed attempt to acquire Spirit Airlines. The airline will also completely exit Kansas City, Missouri, and Newburgh, New York. About a dozen Airbus aircraft remain grounded over issues with their Pratt & Whitney engines which are currently undergoing inspection. Southwest Airlines Halts Hiring Amid Financial Challenges with Boeing
Broke On: Tuesday, 12 March 2024Southwest Airlines plans to cut 2024 capacity and reevaluate financial forecasts due to continued challenges with Boeing. The company expects a net loss in the first quarter of 2024, but will return to profitability in March. Southwest has halted hiring for pilots, flight attendants and other workers until further notice. JetBlue Airways Struggles to Return to Profitability as Activist Investor Carl Icahn Discloses Nearly 10% Stake in the Company
Broke On: Tuesday, 13 February 2024Activist investor Carl Icahn buys 10% stake in JetBlue, boosting its stock by 19%. The airline faces challenges such as a failed merger with Spirit and antitrust issues.