Spirit Airlines raises fourth-quarter forecast, shares rally

Spirit Airlines jetliners on the tarmac at Fort Lauderdale Hollywood International Airport. (Joe Cavaretta/South Florida Sun Sentinel/Tribune News Service via Getty Images)

Joe Cavaretta | South Florida Sun-Sentinel | Good pictures

Spirit Airlines on Friday raised its financial forecast for the fourth quarter of 2023, sending shares up 17% after a setback earlier this week following a judge's ruling blocking JetBlue Airways' purchase of the budget carrier.

the spirit said in a petition It expects revenues of around $1.3 billion at the end of the year, thanks to strong bookings, at the high end of its earlier forecasts. It estimated adjusted negative margins of 12% to 13%, an improvement from an earlier forecast of a negative margin of 19% in the last three months of the year.

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