Key TakeawaysSpirit Airlines warned that its second-quarter loss would be more than expected, and revenue would fall short of its previous outlook.The company blamed the worse numbers on less-than-anticipated non-ticket revenue.The news sent Spirit Airlines shares to an all-time low. 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 ...

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. In June, United's CEO criticized the ultra-low-cost carrier business model, saying customers "hate it." Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Access your favorite topics in a personalized f ...

文章核心观点 - Spirit航空公司预计将在最近一个季度录得比预期更大的亏损 [2] - 这是由于收入未达到公司的预期 [2] - 公司股价在盘后交易中下跌约6% [3] 公司情况总结 - Spirit航空公司是一家预算型航空公司 [1][2][3] - 公司在2024年2月12日在奥斯汀-伯格斯特罗姆国际机场进行航班准备作业 [1]

DANIA BEACH, Fla., July 16, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) announced today that its Board of Directors has appointed Richard F. Wallman as its newest member, effective July 16, 2024."We are very pleased that Richard Wallman has agreed to join our board," said H. McIntyre "Mac" Gardner, Spirit's Chairman of the Board. "Richard is a wise and respected business leader, with a deep background in financial management, corporate development, and diverse experie ...

LAX travelers can take advantage of $25 one-way fares in honor of Spirit's milestone anniversary Photos and video available HERE DANIA BEACH, Fla., July 12, 2024 /PRNewswire/ -- Today marks Spirit Airlines' (NYSE: SAVE) 25th anniversary of providing high-value service to Los Angeles International Airport (LAX) travelers. The airline is inviting Angelenos to celebrate the milestone with limited-time anniversary fares starting as low as $25* one-way for flights from LAX. The offer is valid for booking on July ...

Spirit Airlines’ (SAVE) financial stability is challenged by high operating expenses and low liquidity. Elevated labor costs exacerbate the strain on the company's bottom line. Also, low liquidity impedes its ability to meet obligations, in turn making it an unattractive choice for investors’ portfolios.Let’s delve deeper.Southward Earnings Estimate Revision: The Zacks Consensus Estimate for current-quarter earnings has been revised 510.3% downward over the past 90 days. For the current year, the consensus ...

文章核心观点 - 该预算航空公司经历了极其动荡的时期,股价从2014年12月的历史高点暴跌96% [1][2][3] - 公司在2020年至2023年一直报告巨大的经营亏损,财务状况堪忧 [4][5][6] - 与主要竞争对手相比,公司的收入增长和盈利能力都较为落后 [7][8] - 公司正在采取成本削减和与债权人进行谈判的措施来稳定业务 [9] - 尽管股价目前非常便宜,但分析师认为这是一个价值陷阱,公司缺乏竞争优势,未来前景堪忧 [10][11][12][13] 行业分析 - 该预算航空公司所处的行业竞争激烈,行业产能增长使公司难以拉动需求 [8] - 与主要竞争对手相比,公司的收入增长和盈利能力都较为落后 [7] 公司分析 - 公司在2020年至2023年一直报告巨大的经营亏损,财务状况堪忧 [4][5][6] - 公司负债累累,债务规模远超市值,如果无法尽快实现盈利,可能会资金耗尽 [6] - 公司正在采取成本削减和与债权人进行谈判的措施来稳定业务 [9] - 分析师认为这是一个价值陷阱,公司缺乏竞争优势,未来前景堪忧 [10][11][12][13]

Appoints Aviation Industry Veteran Fred Cromer as Chief Financial OfficerDana Shapir Alviene Appointed to SVP, Inflight and Airport Experience and Tomas Ranaldi Promoted to VP, Financial Planning & AnalysisDANIA BEACH, Fla., July 1, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced executive leadership updates including the appointment of Fred Cromer as Executive Vice President and Chief Financial Officer, effective July 8, 2024. Cromer will work closely with the Company's Interim CFO, Brian ...

Spirit Airlines to offer the only nonstop flight from Birmingham (BHM) to Fort Lauderdale (FLL) this October Spirit photos and video available HERE DANIA BEACH, Fla., June 18, 2024 /PRNewswire/ -- Low-fare travel will take flight at Birmingham-Shuttlesworth International Airport (BHM) starting this fall. Today, Spirit Airlines (NYSE: SAVE) announced it is bringing affordable air service to BHM beginning October 10, 2024, with the only nonstop flight from BHM to Fort Lauderdale (FLL). Spirit's launch at Birm ...

Spirit Airline, Inc.’s (SAVE) upbeat air-travel demand is boosting its top line. The company’s efforts to upgrade its fleet are commendable. However, SAVE is grappling with major headwinds like high operating expenses and high capex, which are adversely impacting its bottom line.Factors Favoring SAVEDriven by an uptick in leisure air travel demand, Spirit Airlines' consolidated traffic, measured in revenue passenger miles, has been significantly rising, boosting the company's capacity. As a result, availabl ...