Tag: aviation news
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Analysis: How Spirited Airlines’ Business Model and External Factors Led to a Stock Plunge
Spirit Airlines’ stock plummeted 60% due to a series of challenges, including engine issues, plane delivery delays, and the collapse of two major merger attempts with Frontier Airlines and JetBlue. Despite pioneering a profitable ultra-low-cost business model, the airline faced increased competition from other carriers introducing basic economy seats. The COVID-19 pandemic exacerbated Spirit’s difficulties,…
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Boeing Faces New Setback as Door Plug Incident Triggers Global Safety Concerns and FAA Groundings
The recent incident of a door plug falling off an Alaska Airlines Boeing aircraft has triggered a new crisis for Boeing, casting doubts over its reputation and manufacturing processes. Following the MAX crisis, Boeing seemed to be on the path to recovery, but this event has led to the grounding of around 170 MAX 9…