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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.

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.

Ended the Second Quarter 2024 with $1.14 Billion of Liquidity DANIA BEACH, Fla., Aug. 1, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported second quarter 2024 financial results.

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.

Low-fare travel leader changes the game again with the announcement of new premium offerings starting August 2024 DANIA BEACH, Fla., July 30, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is redefining low-fare travel with new, high-value options that empower travelers to choose an elevated Guest experience at an affordable price.

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.