Spirit Airlines Reports Net Loss of $2.35 Million in Q2 2023

Spirit Airlines, Inc.(SAVE) has released its financial results for the second quarter of 2023, indicating a net loss of $2.35 million. Despite this, the ultra-low-cost carrier reported operating revenues of $1.43 billion for the same period. Let's delve into the details of Spirit Airlines' financial performance for the three and six months ended June 30, 2023, and compare it to the corresponding period in 2022.

Operating Revenues

Spirit Airlines saw an increase in operating revenues for the three months ended June 30, 2023, reaching $1.43 billion, compared to $1.37 billion in the same period in 2022. For the first six months of 2023, the company's operating revenues amounted to $2.78 billion, up from $2.33 billion in the first half of 2022.

Net Income/Loss