Spirit Airlines Warns About Loss and Revenue; Stock Sinks To All-Time Low
Spirit Airlines(SAVE) Investopedia·2024-07-18 00:25
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 ...