Spirit Airlines, Inc. Stock News

Shares of Spirit Airlines (SAVE) fell further Friday, a day after the budget airline said it would furlough about 240 pilots and reported a wider-than-forecast quarterly loss.

Spirit Airlines (NYSE: SAVE ) layoffs are a hot topic on Friday as the budget airline is furloughing pilots over engine problems. Spirit Airlines is dealing with engine troubles for some of its flights and it isn't the only airline with these issues.

Wall Street rushed to lower their second-quarter estimates in July, sending Spirit shares lower. The airline confirmed those fears mid-month when it updated its quarterly guidance.

The affordable airline reported disappointing earnings the day after it announced plans to introduce premium tickets.

Spirit Airlines, Inc. (NYSE:SAVE ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants DeAnne Gabel - Senior Director of Investor Relations Edward Christie - President and Chief Executive Officer Matthew Klein - Chief Commercial Officer Fred Cromer - Executive Vice President and Chief Financial Officer Rana Ghosh - Chief Transformation Officer Conference Call Partici...

Shares of Spirit Airlines Inc. SAVE fell 2% in premarket trading Thursday, after the discount air carrier reported a wider-than-expected loss and detailed some cost cutting measures including pilot furloughs. Net losses widened to $192.9 million, or $1.76 a share, from $2.3 million, or 2 cents a share, in the year-ago period.

Ended the Second Quarter 2024 with $1.14 Billion of Liquidity DANIA BEACH, Fla., Aug. 1, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported second quarter 2024 financial results.

Demand for high-end travel is booming, and U.S. carriers are in a rush to seize on it.