Spirit Airlines Q4 Loss Narrows; Tops Estimates

RTTNews | 284 days ago
Stocktwits
Spirit Airlines Q4 Loss Narrows; Tops Estimates

(RTTNews) - Spirit Airlines, Inc. (SAVE) reported Wednesday a net loss for the fourth quarter of $183.65 million or $1.68 per share, narrower than $270.66 million or $2.49 per share in the prior-year quarter.

Excluding items, adjusted loss for the quarter was $1.36 per share, compared to adjusted earnings of $0.12 per share in the year-ago quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report a loss of $1.46 per share for the quarter. Analysts' estimates usually exclude special items.

Total operating revenues for the quarter decreased to $1.32 billion from $1.39 billion in the same quarter last year. Analysts were looking for $1.32 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: SAVE
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Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines, Inc., amid struggles with mounting losses and debt, has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. The restructuring is expected to reduce Spirit's debt and provide increased financial flexibility. In an open letter to all Spirit Guests, the company called the process a proactive step to position it...
RTTNews | 9h 12min ago
US Justice Department Sues To Block Proposed JetBlue- Spirit Merger

US Justice Department Sues To Block Proposed JetBlue- Spirit Merger

The US Justice Department or DOJ has filed a civil antitrust lawsuit to block JetBlue Airways Corp.'s proposed $3.8 billion acquisition of its largest and fastest-growing ultra-low-cost rival, Spirit Airlines, Inc., saying the deal is presumptively anticompetitive. The lawsuit, filed in the District of Massachusetts, alleges that the acquisition would allow JetBlue to eliminate...
RTTNews | 621 days ago
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Monday as the mood remained cautious right through the day's session amid concerns over potential impacts of U.S. President-elect Donald Trump's global economic policies, and persisting worries about the tensions in the Middle East, and the Russia - Ukraine war.
RTTNews | 5h 14min ago
U.S. Homebuilder Confidence Improves Much More Than Expected In November

U.S. Homebuilder Confidence Improves Much More Than Expected In November

Homebuilder confidence in the U.S. has improved by much more than anticipated in the month of November, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index climbed to 46 in November after rising to 43 in October. Economists had expected the index to inch up to 44.
RTTNews | 8h 13min ago
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