Company Participants

Susan Morrison – Executive VP & Chief Administrative Officer
John Sheridan – President, CEO & Director
Leigh Vosseller – Executive VP, CFO & Treasurer

Conference Call Participants

Matthew Miksic
Christopher Pasquale – Nephron Research LLC
Matthew O’Brien – Piper Sandler & Co., Research Division
Michael Kratky – Leerink Partners LLC, Research Division
David Roman – Goldman Sachs Group, Inc., Research Division
Richard Newitter – Truist Securities, Inc., Research Division
Jeffrey Johnson – Robert W. Baird & Co. Incorporated, Research Division
Matthew Taylor – Jefferies LLC, Research Division
Joanne Wuensch – Citigroup Inc., Research Division
Suraj Kalia – Oppenheimer & Co. Inc., Research Division
Larry Biegelsen – Wells Fargo Securities, LLC, Research Division
Michael Polark – Wolfe Research, LLC
Priya Sachdeva – UBS Investment Bank, Research Division
Jayson Bedford – Raymond James & Associates, Inc., Research Division
Jonathan Block – Stifel, Nicolaus & Company, Incorporated, Research Division
Anthony Petrone – Mizuho Securities USA LLC, Research Division
Mathew Blackman – TD Cowen, Research Division
William Plovanic – Canaccord Genuity Corp., Research Division
Travis Steed – BofA Securities, Research Division
Shagun Singh Chadha – RBC Capital Markets, Research Division

Presentation

DENVER — A person was struck and killed by a Frontier Airlines jet during takeoff at Denver International Airport late Friday night after jumping a perimeter fence and crossing an active runway, authorities said, prompting an emergency evacuation of all passengers and crew amid a brief engine fire.

The incident occurred around 11:19 p.m. Friday on Runway 17L as Frontier Flight 4345, an Airbus A321 bound for Los Angeles, was accelerating for departure. The unidentified pedestrian, who is not believed to be an airport employee, scaled the airport’s perimeter fence and was hit just two minutes later while crossing the runway, Denver International Airport officials said in a statement.

Emergency responders reported “human remains on the runway,” and the collision caused visible damage to the aircraft, including a brief engine fire that was quickly extinguished by airport fire crews. All 224 passengers and seven crew members were safely evacuated using emergency slides. No injuries were reported among those on board.

Frontier Airlines confirmed the incident in a statement, saying the crew followed all protocols and that the aircraft aborted takeoff after the collision. “We are deeply saddened by this tragic event,” the airline said. “Our thoughts are with the individual’s family and loved ones. The safety of our passengers and crew is our top priority.”

The airport temporarily halted operations on the affected runway while investigators worked through the night. Flights resumed with some delays Saturday morning as crews conducted thorough safety checks. The National Transportation Safety Board and Federal Aviation Administration have launched a joint investigation into the breach and the fatal collision.

Security Breach Raises Alarming Questions

Airport officials described the incident as a rare but serious security breach. Denver International Airport, one of the busiest in the United States, maintains multiple layers of perimeter security, including fencing, sensors and patrols. How the individual gained access so quickly remains under active investigation.

“This is a heartbreaking and unusual event,” said an airport spokesperson. “Our hearts go out to the family of the deceased. We are cooperating fully with authorities to understand exactly what happened.”

Video footage circulating on social media showed panicked passengers inside the cabin as smoke filled the aircraft and the plane came to an abrupt stop. Passengers described hearing a loud impact followed by the crew’s swift response. One passenger told local media the evacuation was chaotic but orderly, with crew members guiding people down the slides.

Victim’s Identity Not Yet Released

The victim’s name has not been released pending notification of next of kin. Authorities have not disclosed the person’s age or any possible motive for entering the secure area. Investigators are reviewing surveillance footage and interviewing witnesses to piece together the sequence of events.

This marks the first known pedestrian fatality involving a commercial aircraft on a U.S. runway in several years. Similar incidents in the past have involved trespassers or disoriented individuals, highlighting ongoing challenges in securing vast airport perimeters.

Broader Context of Airport Security

Denver International Airport spans more than 33,000 acres, making full perimeter security a constant challenge. Officials have invested heavily in technology, including ground radar, infrared cameras and increased patrols, especially following past security incidents at major U.S. airports.

The FAA and Department of Homeland Security regularly review airport security protocols. Friday’s tragedy is likely to prompt a fresh examination of perimeter vulnerabilities, particularly at large facilities where expansive land areas make complete monitoring difficult.

Aviation safety experts note that while commercial aviation remains one of the safest forms of travel, runway incursions — whether by aircraft, vehicles or pedestrians — continue to be a focus area for regulators. The NTSB will examine whether any procedural or technological failures contributed to this outcome.

Passenger Experiences and Aftermath

Passengers on the affected flight were rebooked on alternative flights or provided hotel accommodations as needed. Many expressed shock and gratitude for the crew’s professionalism. “We heard a loud bang and then everything stopped,” one passenger recounted. “The flight attendants were amazing — calm and in control.”

Frontier Airlines offered counseling services to passengers and crew affected by the traumatic event. The aircraft involved sustained significant damage and was towed for inspection and repairs.

The incident disrupted operations at Denver International Airport for several hours, affecting hundreds of connecting passengers. By Saturday morning, however, normal flight schedules had largely resumed.

Community and National Reaction

News of the fatality spread rapidly, drawing condolences and concern from across the country. Aviation enthusiasts and safety advocates called for stronger perimeter security measures at major hubs. Privacy and trespassing experts noted the complex balance between open airport access for legitimate purposes and preventing unauthorized entry.

The tragedy has also renewed discussions about mental health and support systems, as some speculated the individual may have been in crisis. Authorities have not confirmed any such details.

As the investigation continues, officials urged anyone with information about the incident or the victim to contact authorities. Denver Police and airport security are leading the on-site probe in coordination with federal agencies.

This rare and devastating event serves as a sobering reminder of the complexities involved in maintaining safety at America’s busy airports. While commercial flights continue to boast an exceptional safety record, Friday’s incident underscores that vigilance must remain constant both in the air and on the ground.

For the family of the deceased, the coming days will bring unimaginable grief. For the aviation community, the focus turns to learning from this tragedy to prevent future occurrences. As Denver International Airport and Frontier Airlines work through the aftermath, the entire industry watches closely for findings that could shape future security protocols nationwide.

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Thai baht’s decline against the US dollar boosts foreign tourists’ spending power. A weaker baht allows visitors to enjoy hotels, food, and entertainment more, amidst global economic uncertainty and geopolitical tensions.

Key Points

• Foreign tourists in Thailand are closely watching the Thai baht’s depreciation against the US dollar.
• A weaker baht increases tourists’ purchasing power for local goods and services, benefiting Thailand’s tourism sector amidst global economic uncertainty.

• Analysts attribute the baht’s decline to a strengthening US dollar, influenced by rising Treasury yields and robust US economic data, with currency movements expected to continue fluctuating.

Monitoring Currency Depreciation

Foreign tourists in Thailand are actively observing the Thai baht’s depreciation against the US dollar, a trend that directly impacts their vacation budgets. The currency opened at 31.77 per dollar, a slight weakening from 31.60, and analysts foresee continued fluctuation within the range of 31.55 to 31.95 as global economic conditions evolve. This shift significantly benefits international visitors, enhancing their purchasing power for essential travel expenditures such as accommodation, dining, and entertainment. The current economic climate, marked by global uncertainties, makes this currency movement a key consideration for tourists planning their trips.

 Economic Drivers of Currency Movements

The recent decline of the Thai baht is primarily attributed to a strengthening US dollar, which has been bolstered by rising Treasury yields and strong US economic data. These factors signal a robust American economy, leading investors to favor the dollar. Furthermore, heightened global geopolitical tensions are contributing to currency market volatility, making the baht susceptible to broader market pressures. Upcoming US labor market figures are being closely watched by market observers, as they could influence expectations for future US interest rate decisions and, consequently, the dollar’s value.

Impact on Thailand’s Tourism Sector

The fluctuations in the Thai baht hold significant implications for Thailand’s crucial tourism industry. A weaker baht generally makes the country a more attractive and affordable destination for foreign visitors, potentially stimulating increased spending and prolonging stays. As global economic uncertainties persist, tourists, particularly those from regions with stronger currencies, will likely remain attentive to the baht’s exchange rate against the US dollar. This ongoing monitoring underscores the delicate balance between international economic forces and their direct influence on Thailand’s economic landscape and visitor experience.

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LOS ANGELES — Justin Bieber is facing intense criticism and calls for boycotts after reports emerged that he performed a private concert for executives of Palantir Technologies, the controversial data analytics company known for its extensive government surveillance contracts. The alleged event, said to have taken place at a high-end private venue in Beverly Hills earlier this week, has sparked outrage among fans and critics who accuse the pop star of associating with a firm deeply tied to controversial military and intelligence operations.

Social media erupted Thursday after photos and unverified videos from the event began circulating online. In the images, Bieber appears performing hits from his catalog in an intimate setting for a small group of suited guests, some of whom are reportedly senior Palantir executives. While neither Bieber nor Palantir has officially confirmed the performance, multiple sources close to the entertainment industry described it as a corporate celebration following a major new government contract win.

The backlash has been swift and vocal. Many longtime Bieber fans expressed disappointment, with some calling for a boycott of his music and upcoming projects. “How can someone who sings about love and peace perform for a company that profits from surveillance and war?” one prominent fan account posted, a sentiment echoed across platforms. The controversy has also drawn attention from activists and privacy advocates who have long criticized Palantir for its work with U.S. Immigration and Customs Enforcement, the Department of Defense and other agencies.

Palantir, co-founded by Peter Thiel, has faced years of scrutiny for its role in developing software used for predictive policing, border surveillance and military targeting. Critics argue the company’s technology enables mass data collection and potential human rights abuses. The firm has defended its work as essential for national security and counterterrorism efforts.

Bieber’s representatives have not issued a statement addressing the reports. The singer, who has largely stayed out of political controversies in recent years, has focused on family life with wife Hailey Bieber and selective music releases. His last major tour in 2022 was one of the highest-grossing of all time, and he has maintained a significant global fanbase despite periods of relative quiet.

The reported private performance comes at a time when celebrity endorsements and corporate ties are under increasing public examination. High-profile artists have faced similar backlash in the past for performing at events linked to controversial companies or governments. Bieber himself has navigated public scrutiny before, including criticism over past behavior and associations during his younger years.

Industry insiders note that private corporate events can be highly lucrative for artists, often paying six or seven figures for a single night. Such performances allow stars to earn substantial income while maintaining control over their public image. However, in the age of social media and heightened political awareness, these gigs carry greater risk of backlash.

Palantir has grown significantly in recent years, expanding beyond government contracts into commercial data analytics for major corporations. The company went public in 2020 and has seen its valuation soar amid growing demand for AI-driven data solutions. Its work with defense and intelligence agencies remains a core part of its business, making any association with the firm politically charged.

Fan reactions have been mixed but largely negative. Some supporters defended Bieber, arguing that private performances are business decisions and should not define an artist’s values. Others expressed disappointment, citing Bieber’s past messages of love, kindness and social awareness. The controversy has also sparked broader conversations about celebrity responsibility and the ethics of corporate entertainment.

Public figures and activists have weighed in on social media. Some privacy advocates called on Bieber to distance himself from Palantir, while others used the moment to highlight the company’s role in various government programs. The story has trended on multiple platforms, with hashtags related to Bieber and Palantir gaining traction throughout the day.

This is not the first time a celebrity has faced criticism for corporate ties. In recent years, numerous artists have come under fire for performing at events linked to controversial sponsors or governments. The scrutiny reflects growing consumer awareness and activism around corporate ethics and social responsibility.

For Bieber, the incident arrives during a relatively quiet period in his career. He has focused on family and selective creative projects since becoming a father. His last studio album, released in 2021, was a commercial success, and he has occasionally dropped new music and collaborations. A potential world tour has been rumored for 2027, though no official announcement has been made.

Representatives for Palantir declined to comment on the reported event. The company has previously emphasized its commitment to ethical data use and national security, while facing ongoing criticism from civil liberties groups.

As the story continues to develop, Bieber’s team is likely assessing the potential impact on his public image and upcoming projects. In the highly connected world of social media, such controversies can spread rapidly and influence fan loyalty, sponsorship deals and brand partnerships.

The incident also highlights the complex relationship between celebrities and corporate clients. While private performances offer significant financial rewards, they carry increasing reputational risks in an era where fans demand alignment between an artist’s public persona and personal choices.

For now, the focus remains on how Bieber addresses the growing backlash. Whether he issues a statement, distances himself from the event or remains silent will likely shape the narrative in the coming days. As one of the most followed pop stars in the world, his actions — or lack thereof — will be closely watched by fans, critics and the entertainment industry.

The controversy serves as a reminder that in today’s cultural landscape, celebrity choices are subject to intense public examination. As Bieber navigates this latest challenge, it underscores the delicate balance artists must strike between personal freedom, financial opportunities and public expectations in an increasingly polarized world.

One week after Spirit Airlines shut down operations, a new campaign to save the budget carrier has gained traction online, with more than $335 million in pledges.

TikTok creator Hunter Peterson posted a video last weekend proposing a plan to purchase Spirit through crowdfunding.

In the video, which has garnered more than 7 million views, Peterson suggested that if enough people contributed, the airline could be revived.

“This is a genius idea: We nationalize Spirit Airlines, owned by the people. Airlines gone. We make a new airline,” he said.

SPIRIT AIRLINES SHUTS DOWN IMMEDIATELY, STRANDING TRAVELERS: HERE’S HOW TO GET YOUR MONEY BACK

Spirit Airlines jets sat on the tarmac as the company ceased operations at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on May 2, 2026. (GIORGIO VIERA/AFP via Getty Images / Getty Images)

Shortly after posting the video, Peterson launched letsbuyspiritair.com, which as of Saturday night had raised at least $337 million in nonbinding pledges.

The site allows users to pledge toward a proposed ownership stake in Spirit Airlines, though the contributions do not involve actual payments and instead reflect expressed interest.

Peterson later said in a follow-up video that the idea was gaining momentum.

“This started as a joke and this is rapidly going out of control in the best possible way,” Peterson said.

SPIRIT AIRLINES LAWYER SAYS JET FUEL PRICE SURGE LEFT CARRIER WITH ‘NO REMAINING WAY OUT’ OF BANKRUPTCY

Spirit Airlines shut down operations after more than 30 years, prompting online efforts to revive the carrier through crowdfunding. (Spirit Airlines / Fox News)

His proposal is largely modeled after the ownership structure of the Green Bay Packers, the NFL team that is publicly owned.

Spirit announced May 2 that it would cancel all flights and wind down operations “effective immediately.”

The airline said customers who booked directly with Spirit using a credit or debit card would be automatically refunded.

UNITED FLIGHT CARRYING 221 PASSENGERS HITS POLE AND TRUCK ON APPROACH TO NEWARK

A Spirit Airlines commercial airliner flies after taking off from Las Vegas International Airport in Las Vegas, Nevada, U.S., February 8, 2024. (Mike Blake / Reuters)

“All flights booked with credit and debit cards are in the process of being automatically refunded,” a spokesperson for Spirit told FOX Business. “The majority of guests who booked travel on a credit or debit card were refunded as of Saturday evening, with a small percentage continuing to process. Refunds may take time to appear in a guest’s account.”

Spirit said the shutdown followed failed restructuring efforts, citing rising fuel costs and an inability to secure additional funding.

“For more than 30 years, Spirit Airlines has played a pioneering role in making travel more accessible and bringing people together while driving affordability across the industry,” Spirit’s President and CEO Dave Davis said in a statement.

UNITED PILOT REPORTS MIDAIR DRONE SCARE NEAR AIRPORT DURING LANDING APPROACH

A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022.  (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty Images / Getty Images)

“… Sustaining the business required hundreds of millions of additional dollars of liquidity that Spirit simply does not have and could not procure,” Davis added. “This is tremendously disappointing and not the outcome any of us wanted.”

Customers who purchased tickets through third-party vendors, including travel agencies, were advised to contact those providers for refunds.

Claims from passengers who booked flights using vouchers, travel credits or loyalty points will be handled through Spirit’s bankruptcy process, the airline said.

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FOX Business has reached out to Spirit for comment.

FOX Business’ Sophia Compton contributed to this report.