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Airlines are exploring the “all you can fly” deal

More carriers are trying out the subscription model

In recent years, one of the ways that convenience has been redefined for consumers, often unprompted, is the ubiquity of subscriptions.

Indeed, while streaming services and digital publications have long touted membership models, today, everything from pet food, to mattresses, to (briefly) heated car seats, to even a bimonthly box of doomsday supplies are peddled through an increasingly present “subscribe” button at checkout.

Now, airlines are continuing to explore the idea. Wizz Air, the Hungarian low-cost carrier, is the latest to offer an “all you can fly” deal, with an annual charge of €499 ($549) for a limited time — following a similar deal from US-based Frontier Airlines announced last year, which was met with criticism.

Perhaps for Wizz Air, though, this kind of offering will put some wind beneath its wings, as the company grapples with some disappointing results. Despite total revenue crossing more than $5 billion in FY24 — with passenger ticket revenues recovering from a post-pandemic downturn — its most recent quarter saw a 44% decline in operating profit and the stock is down more than 40% so far in 2024.

Wizz Air makes nearly 45% of its revenue from what it calls “ancillary revenue”, which is a fairly long list of add-ons that people don’t usually enjoy paying for, including baggage charges, check-in fees, convenience services (e.g. priority boarding, reserved seats), booking charges, and more.

Interestingly, demand seems to be there for the deal... but it seems that people are already having issues trying to secure Wizz Air's new service, per the BBC.

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Report: OpenAI won’t pay a dime in cash for its 3-year licensing deal for Disney IP

More financial details behind the landmark deal that will grant OpenAI three years of access to Disney intellectual property are coming out, and they’re pretty surprising.

The deal will reportedly see OpenAI pay zero dollars in licensing fees, instead compensating Disney in stock warrants. It was previously reported that Disney would invest $1 billion into OpenAI as part of the agreement.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

business

Ford says it will take $19.5 billion in charges in a massive EV write-down

The EV business has marked a long stretch of losing for Ford, and today the automaker announced it will take $19.5 billion in charges tied, for the most part, to its EV division.

Ford said it’s launching a battery energy storage business, leveraging battery plants in Kentucky and Michigan to “provide solutions for energy infrastructure and growing data center demand.”

According to Ford, the changes will drive Ford’s electrified division to profitability by 2029. The company will stop making its electric F-150, the Lightning, and instead shift to an “extended-range electric vehicle” that includes a gas-powered generator.

The Detroit automaker also raised its adjusted earnings before interest and taxes outlook to “about $7 billion” from a range of $6 billion to $6.5 billion.

Ford’s write-down is one of the largest taken by a company as legacy automakers scale back on EVs, giving EV-only automakers a market share boost.

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