Spirit Airlines Estimates Total Capital Expenditures For Q1 2024 Were ~$30M; Sees Q1 2024 Adjusted Operating Margin Will Be Negative 14.5%t To Negative 13.5%
Portfolio Pulse from Charles Gross
Spirit Airlines projects its total capital expenditures for Q1 2024 to be around $30M and anticipates an adjusted operating margin between negative 14.5% to negative 13.5%.
April 15, 2024 | 10:45 am
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Spirit Airlines expects Q1 2024 capital expenditures of approximately $30M and an adjusted operating margin ranging from -14.5% to -13.5%.
The projected negative operating margin indicates financial challenges for Spirit Airlines in Q1 2024, which could lead to negative investor sentiment and potentially impact the stock price negatively in the short term.
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IMPORTANCE 90
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