Spirit Airlines reports Q1 EPS ($1.46), consensus ($1.45)

Reports Q1 revenue $1.27B, consensus $1.27B. Reports Q1 capacity increase of 2.1% year over year. Reports Q1 load factor of 80.7 percent, a decrease 0.1 pts year over year. “While we reported a loss in the first quarter 2024, we are making progress towards our financial goals. I thank the entire Spirit team for their continued focus on running a reliable operation and delivering value to our Guests as we implement our go-forward standalone plan. There are numerous steps to rollout the plan in a successful, orderly fashion, but we are on track and we are excited to unveil the milestones to you over the coming months,” said Ted Christie, Spirit’s President and Chief Executive Officer.