Spirit Airlines reported Q1 2024 revenue decline, missing consensus. EPS loss was $(1.46). Load factor down, new aircraft delivered, AOG credits from Pratt & Whitney, and deferral of aircraft deliveries expected to improve liquidity.
U.S. stocks are likely to extend their gains as major index futures are modestly higher on Monday. Strong earnings reports continue to support the market, with S&P 500 earnings expected to grow by 5% year-over-year — the highest rate since Q2 2022.