SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Airlines, Inc. - SAVE

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Spirit Airlines and its executives, following disappointing financial results for Q1 2024 [1][2]. Financial Performance - Spirit Airlines reported a 6.2% year-over-year decline in operating revenues, resulting in a loss of $1.46 per share for Q1 2024 [2]. - The company experienced a 16.3% drop in fare revenue per segment and a 1.4% decrease in non-ticket revenue [2]. - Load factor saw a slight decline of 0.1%, indicating challenges in maintaining passenger capacity [2]. Market Reaction - Following the announcement of the financial results, Spirit's stock price fell by $0.36 per share, or 9.7%, closing at $3.35 per share on May 6, 2024 [2]. Competitive Environment - Spirit's CEO, Ted Christie, highlighted that the competitive environment remains challenging due to elevated capacity in many of the markets served by the airline [2].