Spirit Airlines Inc

NYSE:SAVE   3:59:53 PM EDT
19.34
+0.35 (+1.84%)
Other Pre-Announcement

Spirit Airlines Reports First Quarter 2022 Results

Published: 05/04/2022 22:05 GMT
Spirit Airlines Inc (SAVE) - Spirit Airlines Reports First Quarter 2022 Results.
Qtrly Net Loss of $1.79 per Diluted Share.
Qtrly Adjusted Net Loss of $1.60 per Diluted Share.
Qtrly Total Operating Revenues $967.3 Million Versus $461.3 Million.
Q1 Earnings per Share View $-1.58 -- Refinitiv Ibes Data (analyst estimates).
Q1 Revenue View $962.3 Million -- Refinitiv Ibes Data (analyst estimates).
Spirit Airlines - Since Mid-february 2022, We've Seen a Dramatic Improvement in Demand Trends.
Spirit Airlines - March Total Revenue per Passenger Segment Up Nearly 10 Percent Compared to March 2019.
Sees Q2 Available Seat Miles Percentage Change Versus.
2019 About 10.5%.
Based on Current Booking Trends, Sees Q2 Ticket Revenue per Segment to Be Significantly Higher Than It Was in Q2 2019.
Sees Q3 Available Seat Miles Percentage Change Versus.
2019 About 14.0%.
Sees Q4 Available Seat Miles Percentage Change Versus.
2019 About 35%.
In Mid-april, Made the Decision to Decrease Some Flying in Florida and Increase Buffers in Schedule.
Expect to Resume Our Planned Capacity Levels in the Fourth Quarter This Year.
Continues to Experience Labor Cost Inflation Throughout Much of the Organization.