Spirit Airlines

Spirit Airlines, Inc. is an airline that offers travel to customers. Its operations are concentrated in markets such as South Florida, the Caribbean, Latin America and the Northeast and Northern Midwest regions of the United States. The firm offers travel insurance, carry-on and checked baggage, online booking, and other services. The company was founded by Ned Homfeld in 1964 and is headquartered in Miramar, FL.

Earnings data Q4 2020

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Spirit Airlines reports strong Q4 revenue, eyes growth amid challenges

Spirit Airlines navigated challenges in Q4 2022 while maintaining strong revenue performance and anticipating growth in Q1 2023.
The company faces operational hurdles with engine issues and delivery delays but is focused on financial improvement and operational enhancements.
Despite facing off-peak demand weakness and cost challenges, Spirit Airlines is optimistic about revenue growth and operational optimization opportunities.
Capacity adjustments and strategic initiatives position Spirit Airlines for improved performance and efficiency in the coming quarters.

Spirit Airlines posts robust Q1 results amidst operational challenges

Spirit Airlines delivered strong Q1 results despite challenges, focusing on operational improvements, cost efficiency, and network optimization. The company is addressing current constraints to achieve normalized profitability and aims for double-digit margins in the future.

Spirit Airlines faces operational challenges but stabilizes pilot attrition

Spirit Airlines' Q2 performance was impacted by operational challenges and lower fare levels, with the GTF engine issues affecting revenue and future operations. Despite these challenges, the company is focused on stabilizing operations, retaining pilots, and driving future growth through productivity and resolving key issues.

Spirit Airlines reports Q4 revenue decline, eyes profitability in 2024

Spirit Airlines navigates challenges from regulatory issues and cost pressures while focusing on revenue management and cost optimization to achieve positive margins in 2024.
Despite a decrease in total revenue, the airline sees improvements in unit revenue and aims to capitalize on opportunities like network reconfiguration and fuel efficiency enhancements.
Stable liquidity, ongoing recovery efforts, and a strategic outlook for 2024 position Spirit Airlines to weather challenges and drive profitability through operational improvements.
Analyst questions highlighted concerns about breakeven targets, labor cost rightsizing, and GTF engine compensation timing, indicating a focus on addressing key operational and financial issues.

Spirit Airlines addresses challenges, targets profitability with strategic initiatives

Spirit Airlines navigated revenue challenges and operational hurdles in Q1 2024, focusing on strategic network changes and cost reduction initiatives. The company aims to achieve operating profitability in the upcoming quarters, emphasizing adaptability to market trends and customer preferences.

U.S. Energy Initiatives Corp. is a diverse energy firm, which develops hybrid fuel systems and technologies. It engages in the production of biofuel, as well as develops products and services for the medical marijuana and hemp sectors. The company was founded in 1996 and headquartered in Woodland Hills, CA.

American Airlines

JetBlue Airways

JetBlue has lost more than $2 billion since its last profitable year, 2019.

JetBlue dropping service to these cities after deals with Spirit, American blocked

JetBlue Airways Corp JBLU stock has been in the news a lot over the past couple of months, mainly about Its proposed merger with Spirit Airlines Inc SAVE, which has also been driving investor sentiments around JetBlue stock.

JetBlue CEO Says Spirit Was 'Distraction': Stock Strikes Golden Cross As Airline Focuses On Core Markets - JetBlue Airways (NASDAQ:JBLU)

Broadcom

Target

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The Score: Spirit Airlines, Target, Broadcom and More Stocks That Defined the Week

Spirit Airlines (SAVE) benefits from a recovery in air-travel demand. However, rising operating expenses and high debt weigh on the bottom line.

Spirit Airlines (SAVE) Rides on Air Travel Demand, Costs Ail

JetBlue's merger with Spirit is officially canceled. Bondholders for Spirit Airlines are plotting what to do with the company.

Why Spirit Airlines Stock Fell (Again) This Week

China Rapid Finance

TTEC Holdings

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Top 3 Industrials That Are Preparing To Pump In Q1 - SOS (NYSE:SOS), Spirit Airlines (NYSE:SAVE)

The Sprit Airlines (NYSE: SAVE) stock price has been slammed in the past few weeks as investors remain concerned about its bankruptcy risks. It has collapsed to $5.76, 65% below its highest point this year and by 90% from its December 2018 high.

SAVE stock price forecast: is Spirit Airlines a contrarian buy?

JetBlue Airways and Spirit Airlines have mutually agreed to terminate their merger, with JetBlue paying Spirit Airlines a $69 million fee. JetBlue's decision to terminate the merger allows the airline to avoid taking on additional debt and focus on reshaping its path to profitability. Spirit Airlines, despite facing bankruptcy risks, believes it can improve its financials and become cash flow positive as soon as this month.

JetBlue And Spirit Merger Termination Isn't The End Of The World

JetBlue Airways (NASDAQ:JBLU) has torn up its proposed takeover of Spirit Airlines, after a federal judge blocked the $3.8 billion deal.  Shares in New York airline JetBlue jumped almost 4% in early trading, while those in budget carrier Spirit plummeted almost 15%.

JetBlue and Spirit call off merger

JetBlue and Spirit Airlines formally pulled the plug Monday on their merger, about six weeks after a federal judge ruled it violated US antitrust law.

JetBlue, Spirit Airlines cancel merger after blocked by US court

JetBlue (JBLU) and Spirit Airlines (SAVE) have called off their $3.8 billion proposed merger after regulators blocked the deal.

JetBlue, Spirit Airlines Terminate $3.8 Billion Merger, Spirit Stock Skids

Shares of Spirit Airlines (NYSE: SAVE ) stock are taking a tumble after the discount airliner announced that its $3.8 billion merger with JetBlue (NYSE: JBLU ) had been called off. This morning, the two companies entered into a termination agreement that voided the merger agreement that they signed in July of 2022.

SAVE Stock Plunges as JetBlue Terminates Deal. Is It Over for Spirit Airlines?

Low-cost carriers JetBlue and Spirit called off their proposed $3.8 billion merger on Monday — weeks after a federal judge blocked the deal on anti-competition concerns. A successful deal would have created the fifth-largest carrier in the United States and helped Spirit ensure its survival.

JetBlue, Spirit call off $3.8B merger after losing antitrust suit: ‘Best path forward'

The price JetBlue had agreed to pay was looking like way too much.

JetBlue, Spirit Airlines Drop $3.8 Billion Merger. What the Stocks' Moves Are Saying.

Deal would have created fifth-largest US carrier but judge said it would harm consumers by reducing competition

JetBlue and Spirit Airlines cancel $3.8bn merger after judge blocked deal

The move came weeks after a judge ruled that the $3.8 billion deal would reduce competition and harm cost-conscious fliers.

JetBlue Airways and Spirit Airlines Call Off Merger Deal

Spirit Airlines Inc tanked 20% in premarket on Monday after JetBlue Airways Corporation terminated its $3.8 billion merger agreement with the ultra-low-cost carrier. The news arrives shortly after a federal judge blocked $JBLU from buying Spirit Airlines – citing the deal could increase fares for price-sensitive travellers.

Spirit Airlines stock tanks 20% as $JBLU terminates merger plan

JetBlue and Spirit agreed to terminate their merger agreement after facing regulatory hurdles. The airlines issued a joint statement saying that the decision "is the best path forward.

JetBlue, Spirit agree to terminate merger

The Justice Department sued to block the merger last year, saying it would reduce competition and drive up fares, especially for travelers who depend on low-fare Spirit.

JetBlue, Spirit Ending $3.8 Billion Deal To Combine After Court Ruling Blocked Merger

Low-cost carrier JetBlue Airways said on Monday it has terminated its $3.8 billion merger agreement with rival Spirit Airlines , after a U.S. judge blocked the deal on anti-competition concerns.

JetBlue terminates $3.8 bln Spirit deal

JetBlue and Spirit Airlines had appealed a federal judge's decision to block their merger earlier in January.

JetBlue and Spirit Airlines terminate $3.8 billion merger agreement

MIRAMAR, Fla. , March 4, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit") (NYSE: SAVE) today announced that its merger agreement with JetBlue Airways Corporation has been terminated by mutual agreement.

Spirit Announces Termination of Merger Agreement with JetBlue

NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today announced that it has reached an agreement with Spirit Airlines (NYSE: SAVE) to terminate their July 2022 merger agreement. Although both companies continue to believe in the procompetitive benefits of the combination, JetBlue and Spirit mutually agreed that terminating is the best path forward for both companies as required closing conditions, including receiving necessary legal and regulatory approvals, were unlikely to be met by the mer.

JetBlue Announces Termination of Merger Agreement with Spirit

Spirit Air has trouble generating positive free cash flow. The company's merger with JetBlue was just blocked.

3 Reasons to Avoid Spirit Airlines Stock

Spirit Airlines presents a unique investment opportunity despite the setback with the JetBlue merger. The court's decision to block the merger was focused on protecting consumers' access to affordable travel. Spirit Airlines has a solid financial cash position, potential liquidity enhancements, and strategic options for a turnaround.

News for Spirit Airlines Stock (SAVE)