Jet.AI Reports Impressive Third Quarter 2023 Financial Results\n\nLAS VEGAS, November 21, 2023 (GLOBE NEWSWIRE) — Jet.AI (Nasdaq:JTAI), a leading private aviation and artificial intelligence company, has announced its financial results for the third quarter ended September 30, 2023. The company’s revenues for the quarter were $3.4 million, a significant increase of over 270% compared to the same period last year. This growth is a result of the company’s strategic initiatives and the successful launch of its AI-powered charter booking platform, CharterGPT.\n\nJet.AI has also made significant progress in expanding its fleet of aircraft available for sale, with advanced discussions ongoing with Bombardier for the purchase of Challenger 3500 aircraft. This will further strengthen the company’s inventory and position in the private aviation market.\n\nIn addition, Jet.AI has launched DynoFlight, a carbon offset API for the aviation industry, and has partnered with the Vegas Golden Knights and Cirrus Aviation to provide fans with a unique and convenient travel experience for away games. The company has also participated in various corporate and investor events, showcasing its growth and potential in the industry.\n\nThe company’s third quarter financial results also reflect a strong performance, with revenues unrelated to FractionalWhole Aircraft Sales at $3.4 million, a significant increase from $910,000 in the same period last year. This growth is driven by the company’s software app and on-fleet charter revenue, which saw a 445% increase, and management and other services revenue, which totaled $775,000 compared to $0 in the same period last year.\n\nJet.AI’s cost of revenues for the quarter totaled $3.2 million, a decrease from $10.9 million in the same period last year, primarily due to the absence of costs associated with FractionalWhole Aircraft sales. This resulted in a gross profit of $170,000, compared to $1.0 million in the same period last year.\n\nIn a statement, the company’s CEO expressed excitement about the company’s growth and potential, stating, “We are thrilled with our strong financial results for the third quarter of 2023. Our strategic initiatives and innovative technology have positioned us as a leader in the private aviation industry, and we are confident in our continued growth and success”.\n\nJet.AI’s impressive performance and potential for growth make it an attractive choice for those interested in the private aviation and AI industries. \n\n Jet.AI’s third quarter financial results demonstrate its strong fundamentals and potential for growth in the private aviation and AI industries.

Farfetch Limited (NYSE:FTCH) Experiences Record Low Stock Value as Financial Challenges Continue to Mount\n\nFarfetch Limited has been facing significant financial challenges in recent years, resulting in a record low stock value. The company, which is a leading online luxury fashion retailer, has seen a steady decline in its stock value since Nadella took over as CEO in 2014. This news has raised concerns among investors and stakeholders, who are closely monitoring the situation.\n\nWalgreens Boots Alliance (NASDAQ:WBA) has also been in the news recently, as the company's stock value has seen a decline after a credit downgrade. The company, which is one of the largest pharmacy chains in the world, has been struggling to maintain its market position amidst increasing competition and changing consumer preferences. \n\nIn the energy sector, Chevron (NYSE:CVX) has been making headlines due to a border dispute between two South American countries. The company's CEO has reassured stakeholders that the dispute will not have a significant impact on the company's operations. Chevron, which is one of the largest oil and gas companies in the world, has been facing challenges in recent years due to the volatile nature of the energy market. The company remains confident in its ability to weather these challenges and continue to deliver value to its shareholders.\n\nIn other news, MasterCard (NYSE:MA) has released its Economic 2024 Outlook report, which highlights strong consumer spending. The report predicts a positive outlook for the global economy, with consumer spending expected to drive growth in the coming years. This news has been well received by investors, as MasterCard is a leading payment technology company and is well positioned to benefit from increased consumer spending.\n\nGoldman Sachs, a leading investment bank, has suggested that growth stocks may outperform value stocks in the near future. This news has sparked a debate among investors, as many have traditionally favored value stocks for their stability and potential for long-term growth. With the current economic climate and changing market trends, Goldman Sachs believes that growth stocks may offer better returns for investors.\n\nIn the tech industry, Nvidia (NASDAQ:NVDA) has received support from the U.S. Department of Commerce for its AI chip sales to China. This news has been welcomed by investors, as it opens up new opportunities for the company in one of the world's largest markets. Nvidia, which is a leading manufacturer of graphics processing units (GPUs), has been investing heavily in AI technology and is well positioned to benefit from the growing demand for AI solutions.\n\nOn the other hand, Eli Lilly (NYSE:LLY) has experienced a downturn in its stock value after a study showed weight gain in patients who discontinued the company's obesity drug. This news has raised concerns among investors, as the drug was expected to be a major revenue driver for the company. Eli Lilly remains committed to its research and development efforts and is confident in its ability to bring new and innovative treatments to market.\n\nFinally, Microsoft (NASDAQ:MSFT) has been in the spotlight due to its investments in AI and a pending acquisition. The company's CEO, Nadella, has been praised for his strategic vision and leadership, which has helped Microsoft maintain its position as one of the world's leading technology companies. With a strong focus on AI and other emerging technologies, Microsoft is well positioned for future growth and success.\n\n Farfetch Limited and other companies mentioned in this news have been facing various challenges in their respective industries.