Spirit Airlines (SAVE) shares are falling in early trading after warning that its second quarter loss will be bigger than expected. The airline cites a few...
) shares are falling in early trading after warning that its second quarter loss will be bigger than expected. The airline cites a few issues, including fewer customers paying for add-on charges for things such as assigned seating and printed boarding passes.Spirit Airline shares are following after lowering its second quarter outlook, saying that it's non ticket revenue per passenger came in quote several dollars lower than anticipated.
Yeah, it's a critical kind of data point to watch that non ticket revenue, because this is a theme across a lot of major airlines like you mentioned.The degree, of course, of a revenue shortfall that we saw from Spirit today.Delta is getting a lot of their profits and from the business class, first class fights, flights and tickets.
And as we see the broader airline space starting to struggle a little bit, what does that tell us about the consumers who we've seen having this revenge?NEW YORK -World stock indexes mostly fell on Wednesday, with Wall Street weighed down by the prospect of U.S. trade curbs, while the yen rose sharply in a move suspected to be the result of another intervention from Japanese officials to buttress the currency from multi-decade lows.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spirit Airlines, Five Below, JB Hunt slip in after-hours tradingAsking for a Trend host Josh Lipton checks in on some of the stocks moving the most in after-hours trading. Shares of Five Below (FIVE) are slipping after...
Read more »
From One Lazy Person To Another, Here's 56 Things You'll Want To Buy This Prime Day Instead Of Going To The StoreSave yourself a trip *and* save yourself some serious moolah.
Read more »
United Airlines Plane Turns Back After Engine Piece Falls OffA United Airlines Holdings Inc. plane returned to a Connecticut airport after losing part of a liner from inside the engine’s cover, another incident for a carrier already under scrutiny over a series of flight mishaps this year.
Read more »
Exclusive-Boeing nearing deal with supplier Spirit Aero after months of talks, sources sayBoeing is nearing a deal to buy back Spirit AeroSystems after its former subsidiary made substantial progress in separate talks with Airbus over a...
Read more »
Boeing Bid for Spirit Aero Values 737 Supplier at $35 Per ShareBoeing Co. has offered to acquire Spirit AeroSystems Holdings Inc. in a deal funded mostly by stock that values the key supplier at about $35 per share, according to people familiar with the matter.
Read more »
Boeing offers to buy 737 supplier Spirit Aero for $35/shr, Bloomberg News reportsThis offer represents a premium of nearly 6% over Spirit's stock closing price of $33.07 on Monday and a 22.4% upside to its closing price on Feb. 29, the...
Read more »