Spirit Airlines (SAVE) Q4 2023 earnings


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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