
Spirit Airlines has revised its preliminary second-quarter revenue estimate to $1.28 billion, citing lower-than-expected non-ticket revenue and competitive pressure on baggage fees. This revision comes as the airline industry faces challenges from excess capacity and intense competition, leading to a forecasted bigger quarterly loss. United Airlines, which reports earnings soon, has also acknowledged the capacity glut and is preparing for its impact, though its third-quarter profit outlook is below analyst estimates. Meanwhile, Alaska Air Group has lowered its third-quarter profit forecast due to a new flight attendant contract deal, despite topping market expectations for the second quarter with a 15.8% adjusted pretax margin.













Airlines are trimming their schedules for mid-August and beyond, which will help reduce the oversupply of flights while increasing the airlines’ pricing power. https://t.co/KNTS4uhsnt
Alaska Air Group, like other airlines, is expecting softer demand for travel in the third quarter. https://t.co/wsGZcy6wQr
United profit grows more than 20% on strong travel demand $UAL https://t.co/vnEu3Q7KqQ