Meghna Maharishi

Meghna Maharishi is a reporter at Skift Take, covering airline mergers and acquisitions. She has a keen interest in understanding the competitive landscape of the airline industry and its impact on consumers. Prior to joining Skift, Meghna worked as a business journalist for various publications, including The Wall Street Journal and Bloomberg News. Her work has focused on topics such as corporate strategy, mergers and acquisitions, and regulatory issues in various industries. Meghna holds a Bachelor's degree in Journalism from the University of Maryland.

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The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

Bias

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Examples:

No current examples available.

Conflicts of Interest

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Examples:

No current examples available.

Contradictions

85%

Examples:

  • Non-ticket revenue came in several dollars lower than anticipated per passenger.
  • Non-ticket revenue underperformed initial estimate due to incremental pressure on ancillary pricing in the competitive marketplace.
  • Operating losses for Spirit Airlines in Q2 are projected to be as much as $173 million, higher than earlier projections of up to $145 million.
  • Significant pressure on leisure ticket yields throughout Q2 and into Q3 due to large industry capacity increases.
  • Spirit Airlines expects to report an adjusted loss of between $160 million and $173 million for the quarter ended June 30, 2024.

Deceptions

100%

Examples:

No current examples available.

Recent Articles

Spirit Airlines Projects Lower-Than-Expected $1.28B Q2 Revenue Amid Ancillary Sales Pressure and Competitive Market Challenges

Spirit Airlines Projects Lower-Than-Expected $1.28B Q2 Revenue Amid Ancillary Sales Pressure and Competitive Market Challenges

Broke On: Tuesday, 16 July 2024 Spirit Airlines projects lower-than-expected $1.28 billion Q2 revenue due to underperformance in non-ticket sales, primarily ancillary fees, caused by competitive marketplace changes. The airline faces challenges from oversupplied market and engine recall issues, but remains committed to revenue improvement.