(Bloomberg) -- Spirit Airlines Inc. is losing its chief financial officer to another troubled company — Hertz Global Holdings Inc. — as the carrier works to restructure a crushing debt load and the car rental company reboots after a failed bet on electric vehicles.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Surge as Gill’s Reddit Return Shows Huge BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Star
JetBlue now expects its second-quarter revenue to fall between 6.5% and 9.5%, compared with its previous forecast of a 6.5% to 10.5% decrease. "Better operational performance is driving solid cost execution in the second quarter, and is further supported by recent trends in jet fuel prices, which have declined over the quarter," the airline said in a regulatory filing. JetBlue had cut some of its routes and markets that were unprofitable and moved resources to better-performing regions.
The guilty verdict for Former President Donald Trump is dominating much of the conversation in politics as well as on Wall Street as experts debate the potential impacts it may have on the broader market. Billionaires like Tesla CEO Elon Musk (TSLA) and hedge fund manager Bill Ackman flock to Trump's side. West Virginia Senator Joe Manchin has severed ties with the Democratic Party and is currently registered as an independent. Dell Technologies (DELL) Infrastructure Solutions Group President Arthur Lewis chats with Yahoo Finance about the latest AI advancements in its servers. This post was written by Nicholas Jacobino