What to Watch When Spirit Airlines Reports Earnings
Spirit Airlines (NASDAQ: SAVE) will release its second-quarter earnings on July 27. Following more than two years of quarterly declines, Spirit is forecasting a return to unit revenue growth, which should also pave the way for a return to earnings growth later in the year. Here are three key areas to examine to help determine whether the airline's long-term potential remains intact.
Last quarter, Spirit's total revenue per available seat mile (TRASM, also called unit revenue) fell 4.2% -- the latest in a long series of quarterly drops -- driven mostly by the calendar shift of Easter to the second quarter.
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Source: Fool.com
Spirit Airlines, Inc. Stock
€3.45
-1.340%
The community sentiment towards Spirit Airlines, Inc. is currently rather negative with 17 Sell predictions and no Buy predictions.
With a target price of 3 € there is a slightly negative potential of -13.04% for Spirit Airlines, Inc. compared to the current price of 3.45 €.
