Spirit Airlines Revenue Dips Amid Merger Woes With JetBlue



Spirit Airlines Inc (NYSE:SAVE) reported a fourth-quarter fiscal 2023 revenue decline of 5% Y/Y to $1.322 billion, beating the consensus of $1.317 billion. 

Adjusted EPS loss was $(1.36), down from $0.12, beating the consensus of $(1.46).

Passenger revenues fell 5.3% Y/Y to $1.296 billion, while other revenue rose 15.7% Y/Y to $25.0404 million.  

Total revenue per ASM was 8.94 cents, down 17.3% Y/Y. Total revenue per passenger flight segment dipped 15.3% Y/Y to $114.84. 

Fare revenue per segment was down 25% Y/Y to $48.24, and non-ticket revenue per segment grew 6.6% Y/Y to $66.60. 

For the fourth quarter, the load …

Full story available on Benzinga.com


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