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Shares of Spirit Airlines (NYSE:SAVE) moved higher in after-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share decreased 188.37% over the past year to ($2.48), which beat the estimate of ($2.54).
Revenue of $461,279,000 declined by 40.18% from the same period last year, which beat the estimate of $459,100,000.
Guidance
Spirit Airlines hasn't issued any earnings guidance for the time being.
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Spirit Airlines hasn't issued any revenue guidance for the time being.
Price Action
Company's 52-week high was at $40.77
52-week low: $7.25
Price action over last quarter: Up 22.63%
Company Profile
Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet. The company has one operating segment, air transportation, owing to its system wide route structure. It may decide to expand its network if a market is underserved or overpriced. The majority of revenue is derived from the United States.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.