2023-08-03 05:54:40 ET
- Spirit Airlines press release ( NYSE: SAVE ): Q2 Non-GAAP EPS of $0.29 misses by $0.10 .
- Revenue of $1.43B (+4.4% Y/Y) misses by $40M .
- On a per passenger flight segment basis, compared to the same period in 2022, total revenue per passenger flight segment ("segment") for the second quarter 2023 decreased 8.9 percent to $128.03. Compared to the second quarter 2022, fare revenue per segment decreased 20.1 percent to $57.86 and non-ticket revenue per segment increased 2.9 percent to $70.17
- Total revenue per ASM ("TRASM") was 10.30 cents, a decrease of 10.7 percent compared to second quarter 2022 on 17.4 percent more capacity.
- Aircraft utilization in the second quarter 2023 was 11.3 hours, up 5.6 percent compared to the 10.7 hours in the same period of 2022.
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Spirit Airlines Non-GAAP EPS of $0.29 misses by $0.10, revenue of $1.43B misses by $40M