Spirit Airlines (SAVE) Misses Q2 EPS by 10c

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Go back to Spirit Airlines (SAVE) Misses Q2 EPS by 10c

Spirit Airlines (SAVE) misses estimates as demand shifts to long-haul international travel

August 3, 2023 8:06 AM EDT

(Updated - August 3, 2023 8:13 AM EDT)

Low-cost carrier Spirit Airlines (NYSE: SAVE) is down around 0.5% premarket after missing second-quarter consensus earnings and revenue expectations.

The airline reported earnings of $0.29, $0.10 worse than the analyst estimate of $0.39, while revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.47 billion.

The company revealed that demand for the peak summer travel period has been softer than... More