NEW YORK, NY / ACCESSWIRE / May 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Spirit Airlines, Inc. ("Spirit Airlines, Inc.") (NYSE:SAVE) concerning possible violations of federal securities laws.
Spirit issued a press release announcing the Company's first quarter 2024 financial results on May 6, 2024. Spirit reported operating revenues down 6.2% year-over-year, resulting in a loss of $1.46 per share. The Company also reported a 16.3% drop in fare revenue per segment, a 1.4% drop in non-ticket revenue, and a 0.1% drop in load factor. Spirit Chief Executive Officer Ted Christie said that "[t]he competitive environment remains challenging due to elevated capacity in many of the markets we serve."
Following this news, Spirit's stock price dropped over 11%. To obtain additional information, go to:
https://zlk.com/pslra-1/spirit-airlines-lawsuit-submission-form?prid=79071&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
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