Q3 2021 Earnings
 

Does anyone know the release date by chance? The Spirit investor relations website has nothing and Yahoo Finance only has a date range, and NASDAQ has an estimate of the 27th….. Anyone know?

28th per CNBC

Earnings call is Oct 28 10am (IR site, front and center)

I think that would mean the report is released after market close on the day prior?

Does anyone think we can pull off a profit for the past quarter despite the meltdown a few months ago and rising fuel prices?

we seem to have pretty full flights...

if we pulled off a profit after that meltdown…..

$AVE TO THE MOOOOOOON!

Just because flights are full doesn’t mean we are making money. It depends on how much they paid for their flights.

true, but it’s much easier to to be profitable with full flights than to be profitable with empty flights.

13 analysts in unanimous agreement on losses for Q3 and Q4.

I suppose it is not impossible that they could all be wrong but what do you think

SWA scored a profit even with their meltdowns.

Look at the big brains on Halon.

well, apparently the obvious had to be said.

We discount tickets sure, but not bag fees, carry on fees, seat choice, catering, or the other ancillary charges.

I’m not saying ticket price is irrelevant, but just because they got on cheap doesn’t mean we are losing money.

“Delta variant affecting bookings. Loads are 78-80% but tickets are cheap and yield is down. Anticipating Delta variant effects decrease by holiday season.”


As many of us have seen via text, from management

Consensus EPS has us losing more money than Q2, and fuel is more expensive now than it was then, and we didn’t have a massive meltdown in Q2…. Highly unlikely we churn a profit for Q3….

I heard we will all get profit sharing for this quarter.

question is will our cash burn be worse then the legacy’s with all things equal.

Spirit Airlines beats by $0.23, reports revs in-line, ASMs up 54.4% yr/yr
4:25 PM ET 10/27/21 | Briefing.com
Related Quotes


4:10 PM ET 10/27/21
Symbol Last % Chg
SAVE
22.17 -2.68%
Quotes delayed at least 15 minutes

Reports Q3 (Sep) loss of $0.69 per share, excluding non-recurring items, $0.23 better than the S&P Capital IQ Consensus of ($0.92); revenues rose 129.5% year/year to $922.6 mln vs the $925.13 mln S&P Capital IQ Consensus.Available Seat Miles (ASMs) up 54.4% yr/yr, up 3.5% vs. 2019.Load Factor of 77.6%, up 9.5 pts yr/yr.Adjusted CASM of 8.93 cents, down 1.5% yr/yr.Q4 Outlook: Sees adjusted operating expenses of $1.050-$1.060 bln; adjusted EBITDA margin of (5)%-flat, fuel costs per gallon of $2.54.

Look at the very bottom left of the updated fleet page...

our A321NEO’s are going to hold 235 passengers!!! dang. Just when I thought we couldn’t squeeze anymore people inside those things...hm well maybe they are trying to put more people inside to make it more efficient for when we have the longer flights to Hawaii and Europe :)

Hmm…ditching a row of big front seats and the aft partition perhaps?

I was thinking more like a couple of extra seats in the wheel-well.

More leg room and a helluva view on takeoff and landing.

Genius idea.

If I can read numbers, we had the WORST adjusted pre-tax margin in the whole industry….. :(

What is this, amateur hour?! We (F9) are putting 240 in ours! Sorry had to drop in, but the reason for extra capacity is one fewer door exit on each side in favor of overwing exits on the 321N.

But I keep getting told the model prints money. We’re they wrong?

Wow that should be like 767 pay!

well a 50 million dollar operational meltdown tends to be a wet blanket come earnings season.

$50M meltdowns have large effects on small carriers’ numbers. We made roughly $335M in 2019. So we crapped out a little less than 1/6 of a pre-Covid income in one week. And we’re still operating with Covid fares and passenger loads.

just wait until Spirit can’t hire pilots due to low pay. They just lowered hiring mins to 1500 hours. Regional with Airbus.

Maybe someday Spirit will get legacy pay - doubt it though with the poor earnings.

Ted said in earnings report, they are considering multiple crew bases to be added.

Aren't classes full right now? I don't expect that to last much longer, but it seems like in the short term we have no issues hiring pilots.

Issue isn’t getting pilots. It’s keeping them.

old news. IAH, BWI likely first

I corrected it for you!

Best part of the call was ironically the last line

"Overall expense for labor will be significantly higher, period"

last united class had more spirit pilots then any other carrier

1500 hours mins now!!!! Flight instructor to right seat of an airbus!!!! Get your time then go to legacy - spirit loves turnover it’s cheaper

Love your awkward obsession with Spirit.


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post was regarding pilot retention at spirit. They are going to have to do something

He always the Debbie Downer