A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.
Spirit Airlines said Tuesday it would post a wider-than-expected loss for the last quarter because of revenue that came in short of its expectations.
Spirit expects to report an adjusted loss of between $160 million and $173 million for the three months ended June 30, compared with a previous estimate for a loss of no more than $145 million.
Spirit said non-ticket revenue, which accounts for the myriad fees long associated with its rock-bottom fares, came in "several dollars lower than anticipated" per passenger.
"As the Company progresses on its transformation strategy, it anticipates that over time it will be able to drive improvement in total revenue per passenger segment," Spirit said.
Persons:
Whitney
Organizations:
Spirit Airlines, Austin, Bergstrom International Airport, Frontier Airlines, Pratt, JetBlue Airways
Locations:
Austin , Texas, U.S