{"id":12554,"date":"2023-09-16T13:49:43","date_gmt":"2023-09-16T13:49:43","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/stocks\/spirit-airlines-falls-after-lowering-q3-revenue-guidance\/"},"modified":"2023-09-16T13:49:44","modified_gmt":"2023-09-16T13:49:44","slug":"spirit-airlines-falls-after-lowering-q3-revenue-guidance","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=12554","title":{"rendered":"Spirit Airlines falls after lowering Q3 revenue guidance"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters Spirit Airlines (SAVE) falls after lowering Q3 revenue guidance<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p><span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Spirit Airlines <\/span><\/span> (NYSE:) lowered its Q3 revenue guidance, sending its shares down by 4% in premarket Wednesday trade.<\/p>\n<p>Spirit Air now expects Q3 sales to be in the range of $1.245 billion to $1.255B, down from the prior range of $1.30B-$1.32B.<\/p>\n<p>The company sees an adjusted operating margin at -14.5% to -15.5%, down from the previous expectation of -5.5% to -7.5%. Analysts were expecting -7.2%. It also sees fuel costs per gallon at $3.06, up from the previous estimate of $2.80.<\/p>\n<p>SAVE anticipates available seat miles to increase by 13.4%.<\/p>\n<p>&#8220;During the last few weeks, the Company has seen heightened promotional activity with steep discounting for travel booked for the second half of the third quarter through the pre-Thanksgiving travel period. In addition, fuel prices have increased since the Company gave its guidance for the third quarter,&#8221; the company said in a filing.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/spirit-airlines-falls-after-lowering-q3-revenue-guidance-432SI-3173442\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters Spirit Airlines (SAVE) falls after lowering Q3 revenue guidance Spirit Airlines (NYSE:) lowered its Q3 revenue guidance, sending its shares down by 4% in premarket Wednesday trade. Spirit Air now expects Q3 sales to be in the range of $1.245 billion to $1.255B, down from the prior range of $1.30B-$1.32B. The company sees [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[37],"tags":[],"class_list":{"0":"post-12554","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spirit Airlines falls after lowering Q3 revenue guidance | Prosfunds<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters Spirit Airlines (SAVE) falls after lowering Q3 revenue guidance Spirit Airlines (NYSE:) lowered its Q3 revenue guidance, sending its shares down\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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