Earnings

Spirit Airlines (SAVE) Q4 2023 earnings

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Spirit Airlines‘ CEO said Thursday the domestic market is improving and defended the budget airline’s ability to generate cash even without an acquisition by JetBlue Airways, which a federal judge blocked earlier this year.

Spirit expects to lose money in the first quarter, however, and said it projects revenue of between $1.25 billion and $1.28 billion, above analysts’ forecasts. It estimated it will be cash-flow positive in the second quarter of the year “and beyond.”

The budget airline is trying to find its footing after domestic fares fell last year, a Pratt & Whitney engine issue grounded dozens of its Airbus planes and the JetBlue deal failed in court. The two airlines are appealing



Source cnbc.com

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