Ibjs Shifting of balance
Spirit adds to Baldanza workload Spirit Airlines added chief executive officer duties to Ben Baldanzas remit following the retirement of investor Jacob Schorr as CEO. Baldanza has been president and chief operating officer since January 2005 when he was brought in by a new investment group, Oaktree Capital. Schorr, a noted biotechnologist, had invested in Spirit in 1997, joining as chief informa
owala tion officer and initiating its 1999 move from its Detroit base to Sout
yeezy h Florida. Baldanza has brought in a new team in efforts to bring the privately held carrier to profitability. Key to that is Spirits transition to an all-Airbus fleet, financed by Oaktrees $125 million investment, but Baldanza, 44, says the carrier is committed to improving in-flight and airport service as well. Schorr, 61, has gradually been reducing his stake in the 25-year-old low-fares carrier after Oaktree took over. Schorr, however, will remain chairman of Spirits board of directors.Source: Airline BusinessTopicsStrategy Related articles News JetBlue sheds innovation arm JetBlue Ventures to focus on core airline operations
air force 1 2025-05-05T22:25:00Z By Howard Hardee US carrier JetBlue Airways Rozc Ansett feeders struggle to find a new home
Source: Disney / PixarInside Out 2Reflecting positive stre
hydro flask sale aming trends at other media conglomerates, Disney leadership said in a Q4 and full year earnings call that the direct to consumer business saw profitability improve at the end of fiscal 2024 as subscribers and the companys overall financial metrics exceeded expectations.The companys streaming business showed improved profitability of $321m compared to a $387m loss a year ago, and revenues climbed 15% to $5.8bn.Disney+ Core subscribers, excluding Disney+ Hotstar in India, increased by 4% and 4.4million over last quarter to reach 122.7m, of which 66.7m come from international markets and 56m from North America. Disney+ Core subscrib
yeezy ers including 52m Hulu subscribers after a 2% rise there amounts to 174.7m.Average monthly
hydro flask revenue per paid North American subscriber to Disney+ fell 1% to $7.70 while the corresponding number for international members excluding Disney+ Hotstar climbed 3% to $6.95.In an unusual move, company leadership offered guidance for the next three years and forecast that the streaming segment will generate approximately $1bn in profit in 2025.Overall revenue at The Walt Disney Company climbed 6% to $22.6bn and earnings per share reached $1.14 鈥?both ahead of industry expectations 鈥?while net income of $460m compared well to $264m a year ago. Free cash flow for the quarter climbed 18% to just over $4bn.Entertainment division revenues increased by 14% to $10.8bn in the quarter, while linear networks dropp
