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Top related persons:
” - 2 Stephen Trent - 1 Ryan Muller - 1 Muller - 1 Brady Wang - 1 Mark Liu - 1 ” Liu - 1 ” Goldman Sachs - 1
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CNN — Spirit Airlines - 1 Airbus - 1 Pratt - 1 Whitney - 1 Pratt & Whitney - 1 Citi Research - 1 Air Line Pilots Association - 1 Taiwan Semiconductor Manufacturing - 1

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2 mentions found


☆ Spirit Airlines furloughs 260 pilots to save money
  + stars: | 2024-04-08 | by ( ) edition.cnn.com   time to read: +2 min
CNN —Spirit Airlines said on Monday it has reached a deal with Airbus to delay all aircraft deliveries scheduled from the second quarter of 2025 through 2026 and intends to furlough about 260 pilots, as the company looks to save cash. As a result of the deferrals, along with quality issues with engines made by supplier Pratt & Whitney, Spirit is furloughing pilots effective Sept. 1. “[The] aircraft deferrals and pilot furloughs look positive, in terms of helping the carrier to reduce [or] defer some costs. Spirit, which has been losing money for several quarters despite strong travel demand, operates an all-Airbus fleet. Spirit now expects to end 2025 with a total of 219 jets in its fleet, with no additions of the A320neo aircraft.
Persons: Stephen Trent, ”, Ryan Muller, Muller Organizations: CNN — Spirit Airlines, Airbus, Pratt, Whitney, Pratt & Whitney, Citi Research, Air Line Pilots Association
☆ TSMC says skilled worker shortage delays start of Arizona chip production
  + stars: | 2023-07-21 | by ( ) edition.cnn.com   time to read: +2 min
“While the company’s declining revenue and profit were disappointing, its long-term growth prospects remain encouraging,” said Brady Wang, associate director at Counterpoint Research. “The short-term frenzy about the AI demand definitely cannot extrapolate for the long term. Still, the company’s earnings of 181.8 billion Taiwan dollars ($5.85 billion) for the quarter ending in June beat forecasts. “We see TSMC well-positioned for a strong growth outlook in 2024,” Goldman Sachs said in a research note. “We expect a solid 2024-onward outlook on the back of its leading position in AI chip manufacturing,” Citi Research analysts said in a note.
Persons: ”, Brady Wang, Mark Liu, ” Liu, ” Goldman Sachs, “ Organizations: Taiwan Semiconductor Manufacturing, Counterpoint Research, ”, ” Citi Research Locations: Arizona, Taiwan
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