Spirit Airlines (SAVE) Makes Adjustments to Q1 Expectations [Yahoo! Finance]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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US:NASDAQ Investor Relations:
ir.spirit.com
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Source: Yahoo! Finance
The revised projection is tad below the Zacks Consensus Estimate of $1.27 billion. Adjusted operating margin is now suggested to be between (13.5%) and (14.5%) (earlier expectation was between (12%) and (15%). The guidance assumes that SAVE would recognize approximately $38 million of credits for AOG aircraft (aircraft on the ground). If the company had recognized all the AOG credits to be received for AOG aircraft in the first quarter of 2024 itself, its operating margin would have been between (11.5%) and (12.5%) We remind investors that in March 2024, Spirit Airlines inked an agreement with International Aero Engines, or IAE, an affiliate of Pratt & Whitney. Per the deal, IAE will extend monthly credits to Spirit Airlines through the current-year end. Credit will be given to SAVE for each aircraft unavailable due to problems with geared turbofan (GTF) engines discovered in July 2023. GTF engines are produced by Pratt & Whitney. The agreement, estimated to bolster Spirit Airli
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News
- Spirit Airlines flight video shows unidentified liquid flowing down aisle [FOX Business Network]FOX Business Network
- Shocked passengers watch liquid leak down airplane aisle from bathroom on flight: Video [USA TODAY]USA TODAY
- Spirit Airlines Optimizes Baggage Operations and Reduces Costs with TA Ramp [Yahoo! Finance]Yahoo! Finance
- The Best U.S. Airlines In 2024—According To A New Report [Forbes]Forbes
- Spirit Airlines: The Spirit Is Gone, Time To Sell [Seeking Alpha]Seeking Alpha
SAVE
Earnings
- 2/8/24 - Beat
SAVE
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- SAVE's page on the SEC website