Why Spirit Airlines Shares Are Falling
Portfolio Pulse from Henry Khederian
Spirit Airlines Inc (NYSE:SAVE) shares fell by 5.25% after the company reported Q2 results. The company's earnings per share of 29 cents fell short of the analyst consensus estimate by 23.68%. Quarterly sales were $1.43 billion, slightly missing the analyst consensus estimate by 2.55%. Despite these misses, the company showed significant improvement compared to the same period last year. However, Spirit faced challenges with productivity due to pilot constraints and NEO engine availability issues, resulting in a disappointing operating margin for Q2 2023.
August 04, 2023 | 2:09 pm
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Spirit Airlines' shares fell after Q2 results missed analyst estimates. The company faced productivity challenges due to pilot constraints and NEO engine availability issues.
Spirit Airlines' shares fell due to the company's Q2 results missing analyst estimates. The company's productivity challenges due to pilot constraints and NEO engine availability issues also negatively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100