Spirit Airlines, Inc Expects Q3 Revenue of $1.245B-$1.255B (Prior $1.30B-$1,32B) Vs $1.32B Est, Adjusted Operating Margin (14.5)%-(15.5)% (Prior (5.5)% to (7.5)%)
Portfolio Pulse from Benzinga Newsdesk
Spirit Airlines, Inc has revised its Q3 revenue forecast to $1.245B-$1.255B, down from the previous estimate of $1.30B-$1.32B, and below the estimated $1.32B. The adjusted operating margin is also expected to be worse, at (14.5)%-(15.5)%, compared to the prior (5.5)% to (7.5)%.
September 13, 2023 | 10:23 am
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Spirit Airlines has lowered its Q3 revenue and adjusted operating margin forecasts, which are now below estimates. This could negatively impact the company's stock price in the short term.
Spirit Airlines has revised its Q3 revenue and adjusted operating margin forecasts downwards, which are now below the market estimates. This indicates potential financial difficulties, which could lead to a decrease in investor confidence and a drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100