Core Insights - Wheels Up Experience Inc. announced key executive leadership appointments to align with its go-to-market growth strategy and evolving customer needs [1][2] - The leadership changes are part of the company's transformation journey, focusing on a customer-centric strategy and enhancing global aviation solutions [2][7] Leadership Changes - Dave Harvey will transition to a senior advisor role until August 2025 to ensure a smooth transition [3] - Mark Briffa, currently CEO of Air Partner, will become Chief Sales Officer, unifying global sales across Membership and Charter offerings [7] - Meaghan Wells has been appointed Chief Growth Officer, overseeing a new commercial strategy group to enhance data-driven decisions [7] - Kristen Lauria will expand her role to include customer experience, integrating brand, communications, and customer engagement [7] Company Overview - Wheels Up is a leading provider of on-demand private aviation in the U.S., with a diverse fleet and a global network of safety-vetted charter operators [4] - The company offers charter and membership programs through a strategic partnership with Delta Air Lines, along with freight, safety, security, and managed services [4]

Subscription sales expected to reach $700K–$800K in Q2 2025, up from $389K in Q1 ATLANTA, GA, June 17, 2025 (GLOBE NEWSWIRE) -- Vaunt, the spontaneous private aviation platform operated by Volato Group, Inc. (NYSE American: SOAR), today announced projected Q2 2025 subscription sales between $700,000 and $800,000—potentially doubling the first quarter and continuing a rapid growth trajectory that began in late 2024. This performance builds on subscription sales of $389,000 in Q1 2025. The continued accelerat ...

Market Trends & Geopolitical Impact - Oil prices initially surged to their highest level since January but pulled back following signals from Iran about de-escalating tensions and potential nuclear talks [1][18][20][21] - Defense stocks continued to climb amid the Israel-Iran conflict, though analysts suggest investor behavior is more of a "safe haven" move than a direct correlation to company bottom lines [1][70][71][72] - The Paris Air Show is expected to be muted due to the ongoing conflict and a recent Air India crash, with Boeing CEO skipping the event [59][61] Economic Indicators & Fed Policy - The market is shifting focus to Fed policy, earnings, and factors impacting the earnings picture, with the FOMC meeting being a key event [5][8] - There's discussion around the potential for a dovish Fed pivot, driven by inflation being cooler than in 2019 when the Fed last cut rates [35][36] - Real-time housing inflation is falling, suggesting the official measure has room to decline, potentially signaling a green light for the Fed to turn dovish [38][39] Company Specific & Sector Analysis - Meta is introducing ads to WhatsApp, focusing on user data for targeting but aiming to avoid content analysis, with the bigger opportunity being the race to artificial general intelligence [44][45][47] - Reddit is launching AI-driven advertising tools, leveraging human engagement data to inform generative AI and improve ad targeting [50][51] - Victoria's Secret is facing pressure from activist investors to overhaul the board and focus on the core bra business, while also navigating consumer spending habits and recent leadership changes [53][56][57] - China is stimulating its consumer market to offset export dependency, with Apple being a notable loser as domestic brands like Huawei gain market share [76][78][79][80] Global Investment Strategies - There's a potential shift in global equity leadership away from the US, with capital repatriation expected to benefit Europe, Asia, and emerging markets [87] - The US dollar showed no reaction to market surprises, and there was no rally in treasuries, indicating a lack of appetite for US assets [84][85] - TPW Advisory is overweight Chinese equity, favoring US-listed ETFs, and constructive on a global growth cycle extending through 2027-2028 [82][83] AI & Technology - AI is a major theme at the Can Lions International Festival of Creativity, with discussions on how it's changing the advertising and media industries [95] - Time Inc is embracing AI, launching Time AI with Scale AI to create personalized content and audio versions of their journalism [96][97][98][101][102] - Hyperscalers are investing heavily in the race to artificial general intelligence, even without knowing the ultimate prize [48] Energy Sector - Energy stocks may present an opportunity, as they have diverged from oil price trends and offer potential dividends [105][106] - AI's energy demands are creating a large energy problem, with hyperscalers investing in creative solutions like "behind the meter" energy sources [16][17] - Gas prices are still about 33 cents a gallon below last year, and diesel prices hit their lowest level since 2021 prior to Middle East escalations [23][32][33]

Welcome back to Squawkbox. Let's get to Phil Leau. He's at the Paris Air Show as you know, and he's now joined by Transportation Secretary Sean Duffy.Hey, Phil. Thank you, Joe. Transportation Secretary, thank you for joining us here today.Good to be with you. Lots to talk about. I want to start first off with the Air India crash.Yeah. You are not you're NTSB FA are not leading the investigation, but you're assisting. Yeah.And if there was any whiff of, hey, there's a systemic problem with Boeing or GE, you ...

Overall, the battery capacity for this aircraft is something like one and a half Model X Teslas, just to kind of put it in a in a ground vehicle reference. The idea is to sell this by the seat. So, when you open the app, you'll be able to select the ride.A car will come and get you to wherever you are, take you to the nearest takeoff and landing spot, and then other people will be kind of brought just in time at the same time to fill the other seats within the aircraft. One of the things we um I probably ha ...

Well, again, I think it, you know, without getting into too much any speculation at this point, what I can say, you know, you you will look to performance, right. You you would expect uh airplane is prepared for takeoff, it lifts off. Typically, what happens is that once you've got a positive rate of climb, the pilot flying will call for uh positive rate flaps up.You would then climb out and at some point you start to clean up the airplane. That means that you retract the the flaps in the slats, right. We s ...

I don't know what the future of aviation is. I mean, this isn't like, you know, open up your magic eightball and and say, "Do do should I take a sweater tomorrow? It's cold outside." Or or an umbrella because it's going to rain. This is stand here in front of all of you and tell you an educated audience the future of aviation.Oh, and by the way, we're going to put it on YouTube for all eternity. Predicting the future is really hard. But there's one thing I can I can take some comfort in is that I know anyth ...

>> Now to the very latest on that Air India Boeing Dreamliner plane crash that killed all but one of the 242 passengers on board. Responders combing through the rubble for at least one other black box. We think we have one so far.CNBC Tv18 reporter Maria is live on the scene. Maria. Good morning.>> Well, the aviation accident in India, in Ahmedabad is not only India, one of India's worst aviation tragedies, but also the worst. One of the worst aviation tragedies for the world. The major development now is t ...

Core Insights - Horizon Aircraft has entered a strategic partnership with MT-Propeller to supply propellers for its hybrid eVTOL aircraft, marking a significant step in the company's transition from prototype to full-scale production [1][2][3] - The collaboration aims to enhance the performance of Horizon's Cavorite X7 aircraft by leveraging MT-Propeller's advanced composite technology, focusing on speed, efficiency, and noise reduction [2][3] - This partnership is crucial for Horizon Aircraft as it accelerates the journey towards certification and production readiness, positioning the company to transform regional air mobility [3] Company Overview - Horizon Aircraft is developing one of the world's first hybrid eVTOL aircraft, designed to operate like a conventional aircraft while offering superior speed, range, and operational utility [5] - The company aims to complete testing and certification of the Cavorite X7 eVTOL and scale production to meet anticipated demand from regional operators, emergency services, and military customers [5]

KRITI: GOOD MORNING FROM LONDON I'M KRITI GUPTA ALONGSIDE GUY JOHNSON AND VALERIE TYTEL. AN HOUR AWAY FROM THE OPENING TRADE. CONFLICT ERUPTING IN THE MIDDLE EAST AS ISRAEL SAYS IRAN HAS LAUNCHED OVER 100 DRONES IN RETALIATION FOR A WAVE OF AIRSTRIKES AGAINST IRAN'S NUCLEAR PROGRAM AND BALLISTIC MISSILE SITES.OIL PRICES SURGING ON THE BACK OF FEARS OF A WIDER WAR IN A REGION THAT ACCOUNTS FOR A PERIOD OF GLOBAL CRUDE PRODUCTION. BRENT RISING THE MOST IN OVER THREE YEARS. INVESTIGATORS HAVE STARTED COMBING T ...