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spirit airlines stock surges as company announces job cuts and aircraft sales

Spirit Airlines' stock surged 25% after announcing plans to sell 23 older Airbus aircraft for $519 million and cut jobs to reduce costs by $80 million. The airline, which has struggled post-pandemic, also delayed refinancing over $1 billion in debt until late December. Despite the recent gains, Spirit's shares have plummeted over 80% this year following a blocked acquisition by JetBlue Airways.
CNBC
United States Dollar JetBlue Airways Corporation Frontier Airlines Inc. Spirit Airlines, Inc. Pratt & Whitney Autoair Inc. USA Pratt & Whitney Joe Cavaretta Show more
Finance & Economy, News Article
16:40 25.10.2024

RTX Corporation's diverse aerospace and defense revenue streams and global presence

RTX Corporation, formerly Raytheon Technologies, is a leading aerospace and defense firm with net sales primarily from air navigation systems (29.3%), aerospace (29.2%), missile systems (21.1%), and aerospace systems (20.4%). Revenue sources include 76.7% from product sales and 24.3% from services, with 86.3% of sales generated in the United States.
MarketScreener
United States Dollar RTX Corporation USA Collins Aerospace Pratt & Whitney Raytheon Missiles & Defense Raytheon Intelligence & Space Show more
TradFi, Market Report
17:54 23.10.2024
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