Spirit Airlines Q4 Loss Narrows; Tops Estimates

RTTNews | 319 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 | 35 days 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 | 656 days ago
Japan Shares Expected To Open In The Green

Japan Shares Expected To Open In The Green

The Japanese stock market on Monday ended the four-day losing streak in which it had stumbled more than 1,160 points or 3 percent. The Nikkei 225 now rests just above the 39,160-point plateau and it may see additional support on Tuesday.
RTTNews | 5h 11min ago
KOSPI May Add To Its Winnings On Tuesday

KOSPI May Add To Its Winnings On Tuesday

The South Korea stock market on Monday ended the two-day slide in which it had stumbled more than 80 points or 3.2 percent. The KOSPI now rests just above the 2,440-point plateau and it's expected to open to the upside again on Tuesday.
RTTNews | 5h 26min ago
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