#cost-cuts

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#volkswagen #electric-vehicles #competition #profits #chapter-11 #aircraft-leasing #restructuring #jetblue
European startups
fromThe Local Germany
17 hours ago

German auto giant Volkswagen warns of more cost cuts as profits plunge

Volkswagen's future is jeopardized without significant cost reductions and a fundamental business model change amid declining profits and increasing competition.
fromSun Sentinel
7 months ago

Spirit in line for cash infusion as airline cuts deals to resolve aircraft leasing disputes

But now, according to a motion and an affidavit filed in U.S. Bankruptcy Court in New York, Spirit management and AerCap have resolved their disagreements and placed the airline on a clearer path toward restructuring its finances and slimming down its fleet. As part of the deal, AerCap would deliver an unspecified cash infusion to Spirit. The amount of cash involved is unknown as the figure is blacked out in the court filings, which are heavily redacted for competitive reasons.
Business
fromwww.mercurynews.com
10 months ago

JetBlue steps up cost cuts on weaker-than-expected travel demand

JetBlue Airways plans to cut costs by eliminating flights, ending services to certain cities, and restructuring its leadership due to weaker travel demand.
NYC startup
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