JetBlue rejects bankruptcy fears and bets on premium seats
JetBlue says it has no plans to file for bankruptcy despite bondholder concerns. A 40% monthly share rebound supports a premium-seat push toward profitability.
Topic
Turnaround Strategy
Topic
Turnaround Strategy
Wendy's $8 Value Meal Tastes Fine. The Menu Around It Explains a 5.7% Sales Drop
Wendy's US same-restaurant sales fell 5.7% in Q3 2026 as Burger King overtook it. A hands-on review of the $7.99 value meal shows…
WeWork's New CEO Traded Pajamas for Sport Jackets — and Mondays at Home
WeWork returned to profitability in 2025 with about $2.3 billion in revenue after a restructuring shed $12 billion in future rent…
Lucid Loses $830.9 Million in Q3, Draws $1.75 Billion More From Saudi Fund
Lucid lost $830.9 million in Q3, missed on revenue and EPS, and boosted its PIF delayed draw term loan by $1.75 billion, lifting…
Goodyear CEO Mark Stewart Exits as Turnover Plan Stalls
Goodyear CEO Mark Stewart steps down effective immediate after a $31 million quarterly loss; board veteran Roger Wood takes over…
Restaurant chains rebuild menus as food quality drives sales
Burger King posted 8.4% U.S. same-store sales growth after remaking the Whopper and nuggets, while Wendy's, Chipotle, Chili's, Ap…
Asda Hires Ex-Morrisons Boss David Potts as CEO Amid Sales Slump
Asda names former Morrisons chief David Potts, 69, as CEO with immediate effect as sales fall 0.5% and Aldi closes within one poi…
Starbucks Is Spending Over $1 Billion to Undo Its Own Store Redesigns
Starbucks will spend over $1.2 billion renovating 8,000+ stores, adding 25,000 seats after cutting 30,000 comfortable ones under…
John Smedley Slides to £720,000 Loss as Yen Hits Japan Sales
The Peak District knitmaker posted a £720,000 pre-tax loss as the weak yen hit Japan sales, and is betting on Bill Nighy collabor…
Starbucks Closes 250 Stores, Then Promises a Growth Spree
Starbucks closed 250 North American stores in Q4 but guided to 90-100 net new locations in fiscal 2027, with 300+ annual U.S. bui…
Starbucks beats on profit as US revival offsets weak international sales
Starbucks posted adjusted EPS of 80 cents against a 72-cent estimate, but revenue of $9.14 billion missed. International sales gr…