Spirit Airlines, Inc. Stock News

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Spirit Airlines is facing financial troubles, with shares down 50.9% since the failed merger with JetBlue Airways. The company's revenue is growing, but profits and cash flows are suffering, with net losses increasing each year. Management expects weakness to continue, with debt growing and a negative adjusted operating margin anticipated for the second quarter of this year.

Spirit lowered its outlook for the recently completed second quarter. The stock was also downgraded to a sell due to bankruptcy concerns.

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 up short.

Spirit Airlines lowered its revenue estimate, citing a decline in non-ticket revenue. That refers to things like bag fees and picking your own seat, which can cost hundreds of dollars.

Spirit Airlines Inc. late Tuesday lowered revenue estimates for its second quarter, saying it faced more competition, and as a mismatch between domestic capacity and demand continues to plague U.S. airlines, particularly ultra low-cost, leisure travel-focused airlines such as Spirit.

Spirit Airlines said Tuesday it would post a deeper-than-expected loss for the last quarter because of revenue that came in short of its expectations. In this article SAVE

Spirit Airlines on Tuesday said revenue for the second quarter is estimated to be around $1.28 billion, lower than previously projected, citing lower-than-expected non-ticket revenue.