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Cash Savings

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business1 year ago•2 min saved

"Spirit Airlines Defers Airbus Deliveries, Furloughs 260 Pilots to Save Cash"

Spirit Airlines has struck a deal with Airbus to defer all aircraft deliveries from the second quarter of 2025 through 2026, aiming to save cash. The U.S. carrier plans to furlough about 260 pilots due to the deferrals and quality issues with engines made by supplier Pratt & Whitney. This move is expected to improve Spirit's liquidity by about $340 million over the next two years, but it may also impact the company's revenue generation opportunities. Despite strong travel demand, Spirit has been facing financial challenges and operates an all-Airbus fleet.

via Reuters|

#airbus #business #cash-savings

personal-finance2 years ago•0 min saved

Maximizing Your Savings: Choosing Between CDs, High-Yield Savings Accounts, and T-Bills.

Financial advisers recommend locking in high interest rates on cash savings by opening a high-yield savings account or buying a certificate of deposit (CD), as some are offering annual percentage yields well over 5%. With higher interest rates, it's more expensive to carry a balance on credit cards or take out a car loan, but there's an opportunity to earn more interest on cash savings.

via MarketWatch|

#cash-savings #cds #financial-advice