Spirit Airlines Q4 Loss Narrows; Tops Estimates

RTTNews | hace 566
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

read more
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 | hace 282
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 | hace 904
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.
RTTNews | hace 7 minutos
Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
RTTNews | hace 59 minutos