SAVE Stock Recent News
SAVE LATEST HEADLINES
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.
Spirit Airlines lowered its revenue estimate, citing a decline in non-ticket revenue. That refers to things like bag fees and picking your own seat, which can cost hundreds of dollars.
U.S. stock futures were lower this morning, with the Nasdaq futures falling around 300 points on Wednesday.
Spirit Airlines Inc. late Tuesday lowered revenue estimates for its second quarter, saying it faced more competition, and as a mismatch between domestic capacity and demand continues to plague U.S. airlines, particularly ultra low-cost, leisure travel-focused airlines such as Spirit.
Spirit Airlines said Tuesday it would post a deeper-than-expected loss for the last quarter because of revenue that came in short of its expectations. In this article SAVE