Spirit Airlines misses Q2 estimates, warns of headwinds

Spirit Airlines has reported a net loss of $2.3 million, or a net loss of $0.02 per diluted share, for the second quarter of 2023. Excluding special items, adjusted net income for the second quarter 2023 was $32.3 million1, or an adjusted net income of $0.29 per diluted share. Spirit’s pre-tax income was $15.0 million with a pre-tax margin of 1.0 percent. Adjusted pre-tax income for the second quarter was $41.7 million and adjusted pre-tax margin was 2.9 percent. “Unit revenue for the second quarter 2023 was strong and well above pre-Covid historical averages,” said Ted Christie, Spirit’s President and