The Wall Street Journal reported the budget carrier is in talks with bondholdersand other creditors to support a Chapter 11 filing.
Shares of ultra-discount carrier Spirit Airlines Inc. sank after hours on Thursday after the Wall Street Journal reported that the airline is talking over the conditions of a possible bankruptcy filing.
Spirit's stock tanked after its proposed deal with JetBlue fell through. The company is posting revenue declines and operating losses.
Spirit Airlines (SAVE) rides high on its robust cost-cutting initiatives. Its expansion plans are commendable.
Spirit Airlines stock collapsed after its proposed merger with JetBlue Airways was denied. The company's margins are going down as customers lose interest in its cheap flights.
Passenger revenues decrease 11.1% year over year at Spirit Airlines (SAVE) in Q2.
Shares of Spirit Airlines (SAVE) fell further Friday, a day after the budget airline said it would furlough about 240 pilots and reported a wider-than-forecast quarterly loss.
Spirit Airlines (NYSE: SAVE ) layoffs are a hot topic on Friday as the budget airline is furloughing pilots over engine problems. Spirit Airlines is dealing with engine troubles for some of its flights and it isn't the only airline with these issues.
Wall Street rushed to lower their second-quarter estimates in July, sending Spirit shares lower. The airline confirmed those fears mid-month when it updated its quarterly guidance.
The affordable airline reported disappointing earnings the day after it announced plans to introduce premium tickets.
Spirit Airlines, Inc. (NYSE:SAVE ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants DeAnne Gabel - Senior Director of Investor Relations Edward Christie - President and Chief Executive Officer Matthew Klein - Chief Commercial Officer Fred Cromer - Executive Vice President and Chief Financial Officer Rana Ghosh - Chief Transformation Officer Conference Call Participants Andrew Didora - Bank of America Merrill Lynch Michael Linenberg - Deutsche Bank Daniel McKenzie - Seaport Global Securities LLC Jake Gunning - Evercore ISI Jamie Baker - JPMorgan Savanthi Syth - Raymond James & Associates Conor Cunningham - Melius Research Stephen Trent - Citigroup Thomas Fitzgerald - TD Cowen Ryan Capozzi - Wolfe Research Operator Thank you for standing by. At this time, I would like to welcome everyone to the Spirit Airlines Second Quarter Earnings Conference Call.
The headline numbers for Spirit (SAVE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.