Broken Spirits: Spirit Airlines Lost $270.7 Million in Q4 2022
Spirit Airlines ($SAVE) announced its Q4 and whole-year revenue on Monday, Feb. 6. The carrier lost a reported $270.7 million for the 4th quarter, a net loss of $2.46 per share. The adjusted net income (ANI) for Q4 was a mere $12.6 million, or $0.12 per share. The adjusted operating margin was just 4% for Q4.