The company said, “Q2 adjusted diluted per share guidance, as noted below, reflects significant progress anticipated across key commercial initiatives on higher average aircraft utilization underpinned by moderating competitive capacity, with significantly elevated jet fuel prices impacting expected results. RASM and RASM, stage-length adjusted to 1,000 miles, are expected to be up over 20 percent and high-teens on a percentage basis, respectively, compared to the corresponding 2025 quarter. Having ended the Q1 with $974M of total liquidity, the Company expects total liquidity at the end the second quarter of 2026 in the range of $900M-$950M, bolstered by internal liquidity measures, including fleet-related activity and advanced discussions associated with an extension of the Company’s co-brand credit card agreement.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ULCC:
- Citi ups Frontier target, opens ‘upside 30-day catalyst watch’
- Spirit’s demise may help other airlines, NY Times says
- Group of budget airlines ask Trump admin for $2.5B in assistance, WSJ says
- Low-Cost Airlines Scramble for $2.5B Govt Lifeline, Putting Stocks on Radar
- Spirit Airlines seeks emergency government aid, Air Current reports
