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

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

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Billionaire investor George Soros' investment fund has placed new bets on low-cost and ultra-low-cost U.S. airlines, going for fresh stakes in JetBlue Airways Corp., Spirit Airlines Inc. and Sun Country Airlines Holdings Inc., according to a filing late Wednesday.

George Soros' fund bets on U.S. leisure travel, with fresh stakes in JetBlue, Spirit, Sun Country

NEW YORK--(BUSINESS WIRE)--As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has set February 23, 2024, as the record date for the February 2024 prepayment to Spirit stockholders of $0.10 per Spirit share (the “February 2024 Additional Prepayment”), with payment o.

JetBlue Announces Record and Payment Dates for February 2024 Additional Prepayment to Spirit Stockholders

Some pilots at Spirit Airlines are looking for new job opportunities after the Department of Justice blocked the budget carrier's proposed merger with JetBlue Airways last month.

Spirit Airlines uncertainty has some pilots dusting off their resumes

Spirit Chief Financial Officer Scott Haralson last week said the company was looking into "right sizing" its labor costs, adding to the uneasiness.

Spirit Airlines pilots sending out résumés after JetBlue deal collapse: ‘It's very stressful'

Spirit Airlines (SAVE) fourth-quarter 2023 earnings and revenues decrease year over year.

Spirit Airlines (SAVE) Stock Down 6.4% Since Q4 Earnings

Spirit CEO Ted Christie said the airline has a plan to be profitable again. Spirit hasn't been profitable since 2019 and owes more than $1 billion.

Spirit's CEO says the airline has a plan to become profitable again

Spirit Airlines, Inc. (SAVE) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Spirit (SAVE) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Spirit (SAVE) Q4 Earnings

Spirit Airlines (NASDAQ: SAVE ) made clear it still wants to merge with JetBlue (NASDAQ: JBLU ) as it reported results this morning. The budget airline reported a loss of $148.7 million, $1.36 per share fully adjusted on revenue of $1.32 billion.

SAVE Stock: Spirit Airlines Is Still Counting on JetBlue to Save It

Spirit (SAVE) came out with a quarterly loss of $1.36 per share versus the Zacks Consensus Estimate of a loss of $1.41. This compares to earnings of $0.12 per share a year ago.

Spirit (SAVE) Reports Q4 Loss, Tops Revenue Estimates

Spirit Airlines Inc. on Thursday posted a slimmer loss than expected for the latest quarter, while calling out encouraging booking trends and expressing confidence in its ability to return to profitability. Shares of Spirit, which have come under recent pressure due to regulatory pushback against the company's pending acquisition by JetBlue Airways Corp., were up about 3% in Thursday's premarket trading.

Spirit Airlines' stock gains after earnings as company predicts ‘unprecedented' improvement on key metric

Spirit Airlines posted another loss at the end of last year. CEO Ted Christie said the domestic air travel market is improving. The budget airline and JetBlue are appealing a judge's ruling that blocked their planned merger.

Spirit Airlines narrows loss to $184 million, says it's on the path back to profitability

MIRAMAR, Fla., Feb. 8, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported fourth quarter and full year 2023 financial results.

Spirit Airlines Reports Fourth Quarter and Full Year 2023 Results

The low-cost carrier's earnings, which come Thursday, are crucial after its merger with JetBlue Airways was blocked last month.

Spirit Airlines Needs a Path to Profitability—Without JetBlue

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Investing in the airline industry generally means buying a piece of stable companies with generous support from the government. That being said, airlines have plenty of chances to make mistakes like any other type of business.

3 Doomed Airline Stocks to Dump Before They Dive: February 2024

Spirit Airlines (NYSE: SAVE ) stock has plummeted lower this year after U.S. District Court Judge William Young ruled to block its merger with JetBlue Airways (NASDAQ: JBLU ). Judge Young argued that the merger would likely result in higher ticket fares for Spirit's customers and that it would reduce competition within the airline industry.

Spirit Airlines Eyes New Feb. 26 Deadline to Help SAVE Stock Survive

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The term “meme investing” shot into public consciousness in January 2021 when high volumes of retail investors orchestrated a short squeeze on GameStop (NYSE: GME ) stock to cause a sharp rally of over 1,500% in a matter of days. Forming the backdrop to the exceptional circumstances of GameStop was a cryptocurrency rally that ultimately saw Bitcoin ( BTC-USD ) reach an all-time high value of $69,000.

The Next GameStop? 3 Undiscovered Meme Stocks to Watch.

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- #acg--Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one new Airbus A321neo aircraft on long-term lease to Spirit Airlines. Powered by the ultra-efficient Pratt & Whitney GTF engines, this is the fourth of four aircraft delivering to the airline from ACG's order book with Airbus. ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we.

Aviation Capital Group Announces Delivery of One A321neo to Spirit Airlines

A U.S. appeals court on Friday set an expedited schedule for the JetBlue Airways and Spirit Airlines appeal aimed at reversing a lower court ruling that blocked their $3.8 billion merger.

US court sets expedited schedule for JetBlue, Spirit merger rejection appeal

Spirit Airlines' (SAVE) Q4 performance is likely to have improved as air traffic spikes.

Spirit Airlines (SAVE) to Report Q4 Earnings: What's in Store?

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Many of yesterday's meme stocks are today's forgotten remnants collecting dust at the bottom of your portfolio, hopes of a multi-bagger long past abandoned. It's only a loss if you sell, right?

7 Meme Stocks Set to Rebound Before Summer Hits

Spirit (SAVE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Spirit (SAVE) Expected to Beat Earnings Estimates: Should You Buy?

Spirit Airlines (NYSE: SAVE ) and JetBlue Airways (NASDAQ: JBLU ) stock are in the news Monday as investors hold out hope for an expedited appeal to their blocked merger. The two airline companies are asking the First U.S. Circuit Court of Appeals to reverse a decision from a lower court that blocked the merger of the two.

SAVE Stock Alert: Spirit Airlines Rallies on Hope for Expedited Appeal

JetBlue Airways and Spirit Airlines have filed for an expedited appeal to a court ruling that blocked their $3.8 billion merger, a court filing showed.

JetBlue, Spirit file for expedited appeal to merger block ruling

Escape to a warm Mexican getaway with limited-time anniversary fares starting at $79* one-way Photos and video available  HERE   MIRAMAR, Fla., Jan. 29, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating two decades of flying travelers between Cancun International Airport (CUN) and the United States today.

News for Spirit Airlines Stock (SAVE)