Latest news with #DaveDavis
Yahoo
30-05-2025
- Business
- Yahoo
Weekly Recap: 14 Finance Press Releases You Need to See
A roundup of the most newsworthy financial press releases from PR Newswire this week, including May consumer confidence scores and strategic AI-focused partnerships from Bain & Company and Fannie Mae. NEW YORK, May 30, 2025 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed. The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download. US Consumer Confidence Partially Rebounds in MayConsumers' pessimism about the future moderates after surging in April. According to the Conference Board Consumer Confidence Index®, May's rebound in confidence is broad-based across all age, income and political affiliation groups. Bain & Company forms global partnership with Palantir to deliver high impact, end-to-end AI transformations for clientsThe partnership enables clients worldwide to accelerate AI-driven productivity gains with enhanced speed and efficiency through Palantir's cutting-edge enterprise AI platforms, yielding tangible impact in weeks. Gen Z Grapples with Debt, Some Spend Freely Despite Low Confidence in Retirement ReadinessA new Advisor Authority study, powered by the Nationwide Retirement Institute, reveals only one in five Gen Z investors say they understand how compounding interest works; four in ten believe the standard retirement age of 65 is not relevant to them. Spirit Aviation Holdings, Inc. Announces Receipt of NYSE American Delinquency Notification"While there's lots to do, I'm pleased with our progress in driving change to our fleet, our product and our market positioning. The Spirit team has faced down tough challenges before, and I'm gratified to see such a strong focus and commitment," said Dave Davis, President and Chief Executive Officer. Fannie Mae Launches AI Fraud Detection Technology Partnership with PalantirThe partnership will expand Fannie Mae's fraud detection capabilities to power the Crime Detection Unit, a new platform that the company believes will help detect and prevent mortgage fraud with speed and precision never before seen in the U.S. housing market. Rental-hunting season hits fever pitch as June begins, Zillow data showsRental activity on Zillow is already outpacing the past two years, a sign that this year's peak could be even higher. A record-high 46 million households rent, and renters are nearly four times more likely to move than homeowners, according to the U.S. Census Bureau. DeFi Technologies Reaffirms US$201.07 Million 2025 Revenue Guidance; Maintains Position as Largest Institutional Asset Manager of Solana in North America and Third Largest in Europe"Solana remains a cornerstone of our strategy—not just as an asset, but as an ecosystem we're deeply integrated into," said Olivier Roussy Newton, CEO of DeFi Technologies. "What sets us apart is our fully integrated monetization model…No other digital asset manager or leveraged public Solana-focused company globally matches this level of vertical integration and operational exposure." QNB Becomes First Bank in the Middle East to Deploy Diebold Nixdorf's ATMs with Bulk Cash Deposit CapabilityDiebold Nixdorf's DN Series® 500 cash recycler provides expanded functionality, enabling QNB Group customers to deposit up to a 300-note cash bundle and up to 30 checks in a bundle with counterfeit detection capability. BofA Report: 60% of Homeowners and Prospective Buyers Uncertain About the Housing Market - A Three-Year HighUncertainty among current homeowners and prospective buyers is at a three-year high, with 60% saying they can't tell whether now is a good time to buy a home or not, compared to 48% two years ago, according to the latest Bank of America Homebuyer Insights Report. Synchrony and Jewelers Mutual® Collaborate on Innovative New Sponsorship Agreement, Combining Finance and Insurance Marketing EffortsAs part of the agreement, Jewelers Mutual will showcase Synchrony financing solutions in its marketing materials as well as Zing® Marketplace, a comprehensive online platform created for its member retailers. National Financial Literacy Remains Stagnant at 49% as Generational Gaps Widen, TIAA Institute-GFLEC Study Finds The report also highlights the important role financial literacy plays in financial well-being as adults with very low financial literacy are twice as likely to be debt-constrained and three times more likely to be financially fragile compared to those with very high financial literacy. Markel launches solutions for Financial Institutions in AustraliaThis announcement follows the launch of localised Commercial Professional Indemnity solutions in 2024, under Markel's plan to progressively launch targeted and tailored specialty insurance products in the Australian market. M&T Bank and Buffalo Bills Extend 'Official Bank' PartnershipBuilding on one of pro football's longest-running brand partnerships, M&T signed a deal to become a founding partner for the Bills' new Highmark Stadium, set to open in 2026. Deloitte launches Global Agentic Network to power digital workforce solutionsExpanding on its global delivery centers in locations across major markets in Asia Pacific, EMEA and North America, this rollout highlights a series of investments Deloitte is making to help ensure businesses can implement AI-enhanced strategies while maintaining consistency across the geographies they serve. For more news like this, check out all of the latest finance-related releases from PR Newswire. Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most. Helping Journalists Stay Up to Date on Industry News These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists. Once they're signed up, reporters, bloggers, and freelancers have access to the following free features: Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more. Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger's next story. Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles. Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more. About PR Newswire PR Newswire is the industry's leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world. For questions, contact the team at View original content to download multimedia: SOURCE PR Newswire Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Spirit Aviation Holdings, Inc. Announces Receipt of NYSE American Delinquency Notification
DANIA BEACH, Fla., May 27, 2025 /PRNewswire/ -- On May 20, 2025, Spirit Aviation Holdings, Inc. (NYSE American: FLYY) (the "Company") received a written notice from NYSE Regulation (the "Notice") stating that the Company is not in compliance with the continued listing standards of the NYSE American LLC ("NYSE American", or the "Exchange"), due to its delayed filing of the SEC Form 10-Q for the period ended March 31, 2025 by the filing due date of May 19, 2025. On May 12, 2025, the Company filed with the SEC a Notification of Late Filing on Form 12b-25 which noted that the late filing of the Form 10-Q would occur because of the substantial additional work required to implement so-called "fresh start" accounting in the financial statements included in the quarterly report, reflecting the Company's emergence from its bankruptcy process in the first quarter 2025. As stated in the Form 12b-25, the Company intends to file the Form 10-Q by or before the end of May 2025 and thereby regain compliance with Exchange listing standards. The Notice has no immediate effect on the listing of the Company's shares of common stock on NYSE American. The Company's shares of common stock will continue to trade on NYSE American while it regains compliance with Exchange listing standards. The Company continues to develop and implement the changes to its business necessary to return to profitability. "While there's lots to do, I'm pleased with our progress in driving change to our fleet, our product and our market positioning. The Spirit team has faced down tough challenges before, and I'm gratified to see such a strong focus and commitment," said Dave Davis, President and Chief Executive Officer. About Spirit AirlinesSpirit Airlines (NYSE American: FLYY) is committed to safely delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations throughout the United States, Latin America and the Caribbean with its all-Airbus Fit Fleet®, one of the youngest and most fuel-efficient fleets in the U.S. Discover elevated travel options with exceptional value at Cautionary Statement Regarding Forward-Looking StatementsThis press release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") which are subject to the "safe harbor" created by those sections. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management. All statements other than statements of historical facts are "forward-looking statements" for purposes of these provisions. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "project," "predict," "potential," and similar expressions intended to identify forward-looking statements. Forward-looking statements include, without limitation, the Company's ability to regain compliance with the continued listing standards of NYSE American. Forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by such forward-looking statements. Factors include, among others, ongoing global political and economic uncertainty, the impact of the Company's emergence from chapter 11, the Company's ability to refinance, extend or repay its near and intermediate term debt, the Company's substantial level of indebtedness and interest rates, the potential impact of volatile and rising fuel prices and impairments and other factors discussed in the Company's Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the SEC and other factors, as described in the Company's filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10- K for the fiscal year ended December 31, 2024. Furthermore, such forward-looking statements speak only as of the date of this release. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. Risks or uncertainties (i) that are not currently known to us, (ii) that we currently deem to be immaterial, or (iii) that could apply to any company, could also materially adversely affect our business, financial condition, or future results. Additional information concerning certain factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. View original content to download multimedia: SOURCE Spirit Airlines
Miami Herald
21-05-2025
- Business
- Miami Herald
Spirit Airlines makes some changes for travelers. Here are 5 takeaways
Spirit Airlines, known for its budget-friendly approach and distinctive yellow planes, is making a few changes. The Broward-based airline is introducing a revamped premium section, 'Go Comfy,' offering more legroom, and also offering new benefits for its loyalty program members. The changes come as part of Spirit's strategy to compete with larger airlines and improve its market position under the leadership of new CEO Dave Davis. FULL STORY: Spirit Airlines just added several new 'comfy' benefits for travelers Here are the highlights: Enhanced Premium Section: Spirit Airlines is reconfiguring its seating to offer an additional four inches of legroom in its 'Go Comfy' section, transforming it into a more traditional premium option. This upgrade is set to begin in June, with most aircraft completed by July and the remainder by and amenities: Travelers started booking these extra-legroom seats in May for flights beginning July 9. Additional amenities in the premium section include preferred seating, a free carry-on bag, priority boarding and complimentary snacks and Expansion: Spirit is expanding its routes with new nonstop flights from Fort Lauderdale-Hollywood International Airport to Savannah, Georgia; Chattanooga, Tennessee; and Columbia, South Carolina. The expansion is important for maintaining Spirit's position as the leading airline at the Broward Program Enhancements: The Free Spirit loyalty program is being upgraded to offer more redemption options and complimentary upgrades for members and credit card holders. New benefits include two free checked bags for Free Spirit Travel More Mastercard holders and the introduction of a Free Spirit debit and strategic changes: Under the new leadership of CEO Dave Davis, Spirit Airlines is making the changes to enhance customer value and compete more effectively in the airline industry. Davis, previously with Sun Country Airlines, is recognized for his role in making it one of the most profitable airlines in the U.S. The summary points above were compiled with the help of AI tools and edited by journalists in the Miami Herald newsroom. The full story in the link at top was reported, written and edited entirely by Miami Herald journalists.
Business Insider
23-04-2025
- Business
- Business Insider
Finding a Spirit flight might get a lot harder this summer
Spirit Airlines is cutting some 12,000 flights through May and June compared to last year. Just four airports are losing service from Spirit, but others will see up to 84% fewer flights. The budget airline is continuing its turnaround, having emerged from bankruptcy last month. According to data from Cirium, an aviation analytics firm, the budget airline has scheduled 12,000 fewer flights through May and June compared to the same period last year — a decline of around 24%. Research from Deutsche Bank analysts places the June decline for Spirit's domestic flights as high as 27.5%. However, only four airports are no longer being served. Manchester, New Hampshire, the only one in the US, had just seven flights scheduled across the period last year. Two of the airports are in Haiti, where several airlines stopped flying after a Spirit plane was shot at last November. Still, some cities are facing huge drops in service since May and June 2024. Albuquerque, New Mexico, and Boise, Idaho, have seen their scheduled Spirit flights drop 84%, down to just 18 from 111 and 115, respectively. Flights from Portland, Oregon, have more than halved, falling from 357 to 124. Boston's service has plunged from 1,272 to 710. The only three airports to lose more than 1,000 flights — Fort Lauderdale, Las Vegas, and Orlando — have between 20.5% and 28% fewer Spirit flights than last year. The cuts come as Spirit continues its turnaround. It filed for Chapter 11 protection last November as it worked to restructure its debt and business model, before emerging from bankruptcy last month. Last Thursday, Spirit announced that Dave Davis, the former president and chief financial officer of Sun Country Airlines, would be its new CEO. Budget airlines have had a rough time since the pandemic, as higher costs and overcapacity forced them to rethink their business models. Spirit, Frontier, and Southwest all added premium seating options. They now also face a potential downturn in travel demand across the board due to economic uncertainty from Donald Trump's tariff plans.
Business Insider
23-04-2025
- Business
- Business Insider
Finding a Spirit flight might get a lot harder this summer
Finding a Spirit Airlines flight is looking a lot harder this summer. According to data from Cirium, an aviation analytics firm, the budget airline has scheduled 12,000 fewer flights through May and June compared to the same period last year — a decline of around 24%. Research from Deutsche Bank analysts places the June decline for Spirit's domestic flights as high as 27.5%. However, only four airports are no longer being served. Manchester, New Hampshire, the only one in the US, had just seven flights scheduled across the period last year. Two of the airports are in Haiti, where several airlines stopped flying after a Spirit plane was shot at last November. Still, some cities are facing huge drops in service since May and June 2024. Albuquerque, New Mexico, and Boise, Idaho, have seen their scheduled Spirit flights drop 84%, down to just 18 from 111 and 115, respectively. Flights from Portland, Oregon, have more than halved, falling from 357 to 124. Boston's service has plunged from 1,272 to 710. The only three airports to lose more than 1,000 flights — Fort Lauderdale, Las Vegas, and Orlando — have between 20.5% and 28% fewer Spirit flights than last year. The cuts come as Spirit continues its turnaround. It filed for Chapter 11 protection last November as it worked to restructure its debt and business model, before emerging from bankruptcy last month. Last Thursday, Spirit announced that Dave Davis, the former president and chief financial officer of Sun Country Airlines, would be its new CEO. Budget airlines have had a rough time since the pandemic, as higher costs and overcapacity forced them to rethink their business models. Spirit, Frontier, and Southwest all added premium seating options. They now also face a potential downturn in travel demand across the board due to economic uncertainty from Donald Trump's tariff plans. Travel is typically one of the first things people can cut when purse strings tighten, which has seen airline stocks become especially volatile over the past month.
