Spirit Airlines reported its first quarter financial results today, that showed total operating revenues of $1.265 billion, an adjusted operating loss of ($175.6) million, and a net loss of ($142.6) million. The results were generally in line with expectations, with the Pratt & Whitney GTF issues weighing heavily on the carrier’s performance.
“While we reported a loss in the first quarter 2024, we are making progress today on our financial goals,” said Ted Christie, President and CEO. “I thanks the entire Spirit team for their continued focus on running a reliable operating 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.”
