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Month: April 2025

Spirit Airlines stock to be listed — this time on the NYSE American exchange

Spirit Airlines stock to be listed — this time on the NYSE American exchange

Retail investors interested in the turbulent world of airline stocks will soon have a familiar name to trade again as Spirit Airlines will be listed on the NYSE American exchange starting April 29, the company announced Thursday.

“Listing our common stock on the NYSE American is an important next step in Spirit’s continued transformation as we remain focused on returning to profitability and positioning our airline for long-term success,” said Chief Executive Officer Dave Davis in a statement. The veteran industry executive recently joined the carrier from Sun Country Airlines.

Spirit’s shares will appear under the symbol FLYY. Prior to the company’s filing for Chapter 11 bankruptcy protection last November, it traded under the symbol SAVE while on the New York Stock Exchange, and then SAVEQ after being demoted to trading over-the-counter.

NYSE American is designed for growing companies, according to the New York Stock Exchange website, “and offers investors greater choice in how they trade.” The listing can raise the stock’s visibility and attract more investors. read more

Fired Disney employee must spend 3 years in prison, pay almost $700K for hacking restaurant menus

Fired Disney employee must spend 3 years in prison, pay almost $700K for hacking restaurant menus

A fired Disney World employee must spend three years in federal prison and pay almost $700,000 after he hacked into software used by Disney restaurants to falsely show certain food items didn’t contain peanuts and other allergens.

Michael Scheuer, 40, of Winter Garden, was sentenced Wednesday in U.S. District Court for the Middle District of Florida after pleading guilty in January to one count of computer fraud and one count of aggravated identity theft as part of his deal with prosecutors, according to a U.S. Department of Justice news release announcing the sentencing Thursday. He must also forfeit the computer he used in the offenses and pay $687,776 in restitution to victims.

He was a menu production manager for Disney before he was terminated for misconduct in June, according to a criminal complaint filed in federal court. Disney no longer uses the Menu Creator software he hacked.

False information on food allergies could have deadly consequences, but it’s believed all of the altered menus were found before being shipped to restaurants. read more

People on the move

People on the move

Boards of directors

Suzi Brady, director of transition and training, Naples Hotel Group, was appointed president of the Skal International Orlando 2025 board of directors.

Norah White, director of sales and marketing, I-Drive District/I-Ride Trolley, was appointed vice president of the Skal International Orlando 2025 board of directors.

Frank Dolley, general manager, CoCo Key Hotel & Water Resort, was appointed secretary of the Skal International Orlando 2025 board of directors.

Jeff Calvert, president, HomeWatchCFL, was appointed treasurer of the Skal International Orlando 2025 board of directors.

Ross Burke, property manager, 4acre Property Services, was appointed executive treasurer of the Skal International Orlando 2025 board of directors.

Jesse Martinez, vice president business growth and operations, Clean Tec Outsourcing, was appointed Skal USA Representative for 2025 and immediate past president of the Skal International Orlando 2025 board of directors..

Submit professional appointments, management-level promotions and significant awards for individuals, along with photos as .jpg attachments, to peopleonmove@orlandosentinel.com. read more

Recent Central Florida bankruptcies

Recent Central Florida bankruptcies

Chapter 7

Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include:

Florida TNT Group LLC, 318 Hobart Ave., Daytona Beach. Filed: April 10. Assets: $100,001-$500,000. Liabilities: $100,001-$500,000. Major creditors: Not available. Creditors meeting: May 13.

Chapter 11

Central Florida individuals and businesses that have filed for reorganization and protection from creditors under Chapter 11 of the U.S. Bankruptcy Code include:

1027 Fantasy LLC doing business as Adventure Island, 274 Ronald Reagan Parkway, Davenport. Filed: April 10. Assets: $10,900,000. Liabilities: $7,338,257. Major creditors: Unique Funding Solutions LLC, Miami, $400,000; LEAF Capital Funding, Nottingham, Md., $4,000. Creditors meeting: May 12.

Wave Asian Bistro LLC, 301 N. Baker St., Suite 101, Mount Dora. Filed: April 11. Assets: $29,087. Liabilities: $565,257. Major creditors: Avion Funding, Farmingdale, N.J., $200,000; Carpe Capital, Lakewood, N.J., $160,000; Florida Department of Revenue, Tallahassee, $84,067. Creditors meeting: May 12. read more

Trade war and leery travelers have airlines trimming flights and withdrawing financial guidance

Trade war and leery travelers have airlines trimming flights and withdrawing financial guidance

By MICHELLE CHAPMAN, AP Business Writer

Major U.S. airlines are reducing their flight schedules and revising or withdrawing their profit outlooks for the year due to less domestic travel demand as sentiment about the national and global economies sours.

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American Airlines pulled its financial guidance for 2025 on Thursday, joining rivals Southwest and Delta in declaring the economic outlook too uncertain to provide full-year forecasts. All three airlines cited weakening sales among economy class leisure travelers.

“We came off a strong fourth quarter, saw decent business in January, and really domestic leisure travel fell off considerably as we went into the February time frame,” American Airlines CEO Robert Isom told CNBC. read more