Spirit (SAVE) came out with a quarterly loss of $1.44 per share versus the Zacks Consensus Estimate of a loss of $1.30. This compares to earnings of $0.29 per share a year ago.
Shares of Spirit Airlines Inc. SAVE fell 2% in premarket trading Thursday, after the discount air carrier reported a wider-than-expected loss and detailed some cost cutting measures including pilot furloughs. Net losses widened to $192.9 million, or $1.76 a share, from $2.3 million, or 2 cents a share, in the year-ago period.
Spirit Airlines (NYSE: SAVE ) is changing up its pricing options to offer more perks to customers who choose to pay more for their seats. The airline company is introducing four seat options for its customers.
Spirit will begin offering new travel options ranging from premium to basic economy for bookings on Aug. 16 and launch the new options by Aug. 27.
Spirit Airlines, known for its discount fares and fees for add-ons like cabin baggage, is introducing new classes of service next month. The carrier plans to bundle services like Wi-Fi, cabin baggage, snacks and drinks for its highest classes.
Spirit Airlines continues to have trouble growing revenue, but its peers don't have similar issues. The company's massive debt burden and consistent operating losses introduce tremendous financial risk.
Spirit (SAVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Spirit Airlines fell further due to a reduction in second-quarter guidance. The stock is teetering due to huge cash burn and worsening profit numbers.
Spirit Airlines released weak preliminary Q2 2024 numbers due to a domestic yield dip from overcapacity. The airline industry has already solved the issue by adjusting capacity to match record passenger travel, with a fare turnaround expected in the next 30 days. The stock faces slight bankruptcy risk, but the potential is to return to much higher prices achieved prior to the JetBlue deal.
Spirit Airlines is facing financial troubles, with shares down 50.9% since the failed merger with JetBlue Airways. The company's revenue is growing, but profits and cash flows are suffering, with net losses increasing each year. Management expects weakness to continue, with debt growing and a negative adjusted operating margin anticipated for the second quarter of this year.
Spirit lowered its outlook for the recently completed second quarter. The stock was also downgraded to a sell due to bankruptcy concerns.
Shares of Spirit Airlines (SAVE) fell to an all-time low Wednesday, a day after the discount carrier warned that its second-quarter loss and revenue would be worse than it had previously expected because non-ticket income came up short.