Spirit Airlines forecasts weak Q2 revenue on slow growth in domestic demand [Yahoo! Finance]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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Source: Yahoo! Finance
The airline is among the most heavily impacted by issues with RTX's Pratt & Whitney Geared Turbofan engines, which have forced it to ground multiple aircraft and resulted in high labor expenses and reduced capacity. The carrier estimates it will average about 25 grounded aircraft throughout 2024, while competitors expand their capacity in Spirit Airlines' core markets such as Florida. "While the domestic environment is improving, to date it has improved at a slower rate than the company had anticipated," Spirit said on Monday. It forecast second-quarter revenue between $1.32 billion and $1.34 billion, compared with analysts' estimates of $1.46 billion, according to LSEG data. The airline has been losing money despite a robust demand environment and expectations for a strong summer season, which has forced it to take cost-control measures. Last month, it reached a deal with planemaker Airbus to postpone all aircraft deliveries scheduled from the second quarter of 2025 and pl
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- Frontier Airlines, stuck in a money-losing slump, is dumping change fees and making other moves [Yahoo! Finance]Yahoo! Finance
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- Two new Frontier flights take off from Milwaukee Mitchell airport. They're headed to Philadelphia and Raleigh-Durham. [Yahoo! Finance]Yahoo! Finance
- Spirit Airlines Stock Just Hit a New Low: Should You Buy the Dip? [Yahoo! Finance]Yahoo! Finance
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Earnings
- 5/6/24 - Miss
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Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 4/25/24 - Form ARS
- SAVE's page on the SEC website