Spirit Airlines, Inc. (SAVE)
| Previous Close | 1.6100 |
| Open | 1.6300 |
| Bid | 1.6700 x 4000 |
| Ask | 1.6800 x 1800 |
| Day's Range | 1.6000 - 1.6800 |
| 52 Week Range | 1.4000 - 17.4900 |
| Volume | |
| Avg. Volume | 5,282,276 |
| Market Cap | 183.443M |
| Beta (5Y Monthly) | 1.38 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Feb 22, 2024 |
| 1y Target Est | N/A |
- Yahoo Finance Video
Tech outage blowback was a 'one-time item' for Delta: Analyst
Delta Air Lines (DAL) reported its third quarter results, falling short of earnings estimates on revenue and profit. The airline posted revenue of $14.59 billion, slightly below the expected $14.68 billion. Adjusted earnings per share also missed the mark, coming in at $1.50 compared to the expected $1.52. S&P Global Ratings airlines managing director Jarrett Bilous joins Market Domination to discuss Delta's earnings and provide insights on the broader airline sector. Bilous characterizes the CrowdStrike (CRWD) tech outage that affected Delta's quarterly performance as "a one-time item," suggesting the airline can weather such isolated incidents. He highlights some "positive takeaways" from the report, noting that supply and demand dynamics in the industry are becoming more balanced, which should benefit all airlines to some degree. Regarding capacity in the sector, particularly with airlines like ultra-low-cost carrier Spirit (SAVE) facing potential bankruptcy, Bilous cautions that it's "speculative to say at this point." He notes that while Spirit hasn't announced any filing, they are "struggling as an airline to become profitable." The potential impact of Spirit's situation on the broader airline sector remains "debatable," according to Bilous. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith
- Yahoo Finance Video
Delta's Q3 revenue miss makes 'things more challenging': Analyst
Delta Air Lines (DAL) fell short of estimates for the airline operator's third quarter, posting profits of $1.50 per share ($1.52 was expected) and revenue of $14.59 billion ($14.68 billion expected). Delta CEO Ed Bastian cited the CrowdStrike (CRWD) outage to have shaved off $0.45 from the company's adjusted earnings per share. “The five days were really, really tough on our people as well as our customers. But in, in the weeks immediately following CrowdStrike, our company was back on top as the No. 1 position in terms of industry reliability, as we've been all year long," Bastian told Yahoo Finance. The Morning Brief welcomes Bloomberg Intelligence analyst George Ferguson to talk more about the earnings print "The results are a little bit muddy from CrowdStrike, but labor costs were up 13% year-over-year. So, labor continues to be a big challenge for the airlines. And again, with this revenue, this unit revenue declining, that makes things more challenging," Ferguson says, explaining the struggle an airline like Delta will face as it strives to grow in the marketplace. Expanding the outlook to the broader airline industry: "Southwest (LUV), JetBlue (JBLU) were cutting capacity. So I think the quarter will be challenging. But usually when you're in a cutting capacity mode or at least sort of growing less fast... you'll see firmer fares that will help some of their results." Ferguson also comments on Hurricane Milton's impact on the regional Florida market for flights in and out of the state, as well as how Delta and other airlines could assume the costs of Boeing's (BA) ongoing labor strike. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
- GuruFocus.com
Spirit Airlines Inc (SAVE) Q2 2024 Earnings Call Highlights: Navigating Challenges with ...
Despite a challenging quarter with a $158 million net loss, Spirit Airlines Inc (SAVE) focuses on new travel options and brand transformation to enhance future performance.
