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

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Earnings data Q4 2021

Earnings data Q1 2022

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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.

JetBlue Airways

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 September 25, 2023, as the record date for the September 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “September 2023 Additional Prepayment”), with paymen.

JetBlue Announces Record and Payment Dates for September 2023 Additional Prepayment to Spirit Stockholders

Liberty University is partnering with Spirit Airlines in a pipeline program to land aeronautics graduates jobs as pilots amid a national shortage.

Spirit Airlines partners with Liberty University flight school, looks to address pilot shortage

Spirit Airlines is bringing its pilot training pipeline program to Liberty University as it seeks to offset the industry's shortfall of pilots.

Spirit Airlines adds new university partner to beef up pilot training pipeline as shortage persists

Spirit Airlines (SAVE) now anticipates third-quarter 2023 revenues in the range of $1,245-$1,255 million (prior view: $1,300-$1,320 million).

Spirit Airlines (SAVE) Stock Down 6.25% on Bearish Q3 View

Spirit Airlines, Inc. faces margin pressure and earnings cuts due to high fuel costs and increased promotions. The airline is still set to merge with JetBlue Airways in an all-cash deal. Shareholders have nearly 100% upside potential in a $31 all-cash deal, but the stock faces material risk on any failure to close.

Spirit Airlines: Thank You JetBlue

Spirit Wings Pilot Pathway adds 10th partner, launches at top-tier, collegiate pilot training program in Lynchburg, Virginia Photos of Spirit & Liberty University available HERE MIRAMAR, Fla. , Sept. 14, 2023 /PRNewswire/ -- The next generation of pilots can now venture from the skies of Virginia to the vast network of Spirit Airlines (NYSE: SAVE).

Spirit Airlines Lands Milestone Partnership with Liberty University to Expand Pilot Pipeline

American Airlines

Airline stocks tumbled on Wednesday after American Airlines (AAL) and Spirit Airlines (SAVE) warned that higher fuel costs and other expenses will hurt profits in the key summer travel season.

Airline Stocks Sink as American, Spirit Cut Forecasts on Higher Fuel Costs

U.S. air carriers like and American Airlines and Spirit Airlines are cutting their third-quarter profit forecasts due to rising fuel costs and other expenses.

American Airlines, Spirit lower guidance on higher fuel costs

AAL stock leads airlines lower early Wednesday after American Airlines, Spirit slash Q3 outlooks based on higher fuel prices, waning demand.

AAL Stock: Airlines Stall After American, Spirit Cut Q3 Outlooks

US Global Jets ETF

American's cut is a substantial one, driven by higher labor costs following its pay agreement with pilots and elevated fuel prices.

American and Spirit Cut Guidance. Airline Stocks Are Falling Again.

Southwest Airlines and Alaska Airlines trimmed their forecasts earlier this month.

American Airlines, Spirit Airlines cut summer profit forecast on higher costs

Spirit Airlines Inc.'s stock SAVE, -1.14% tumbled 4% in premarket trade Wednesday, after the discount carrier lowered its third-quarter guidance to reflect increased promotional activity for travel in the second half and aa recent spike in fuel prices. “During the last few weeks, the company has seen heightened promotional activity with steep discounting for travel booked for the second half of the third quarter through the pre-Thanksgiving travel period,” Spirit said in a regulatory filing.

Spirit Airlines' stock falls 4% after company cuts Q3 guidance to reflect promotional activity and higher fuel costs

CFRA reiterated its sell rating on Spirit Airlines Inc. SAVE, +11.98% on Tuesday, and said JetBlue Airways Corp.'s JBLU, -0.39% move Monday to transfer Spirit holdings at Boston and Newark airports was likely not enough to salvage JetBlue's effort to merge with Spirit. JetBlue agreed to transfer to Allegiant Travel Co. ALGT, +3.01% the two gates held at each airport and the rights for 43 takeoff and landing slots at Newark.

CFRA says Spirit Airlines is still a sell, says JetBlue's moves to secure merger unlikely to save deal

Low-cost carrier JetBlue Airlines (JBLU) on Monday agreed to sell off Spirt Airlines' (SAVE) assets at Newark Liberty and Boston Logan airports, as the airline seeks to win regulators' approval for a merger with Spirit.

JetBlue Sells Off Spirit Assets in Bid to Win Merger Approval

JetBlue Airways Corp said Monday it had agreed to sell all of Spirit Airlines assets at Boston and Newark Liberty airports to Allegiant , as it works to win approval for its tie-up with Spirit.

JetBlue agrees to sell Spirit assets in Boston, Newark to Allegiant

JetBlue Airways Corp. JBLU, -3.90% has agreed to transfer to Allegiant Travel Co. ALGT, -2.27% all of its Spirit Airways Inc. SAVE, -0.89% holdings at Boston Logan International Airport and Newark Liberty International Airport, according to a Monday morning release. The divestiture agreement, which was announced by JetBlue and Allegiant, comes as JetBlue looks to close its merger with Spirit in the first half of 2024.

JetBlue announces new planned divestitures as it looks to close Spirit deal next year

Allegiant Travel Company

NEW YORK & LAS VEGAS--(BUSINESS WIRE)--JetBlue Airways Corporation (Nasdaq: JBLU) and Allegiant (Nasdaq: ALGT) today announced that the airlines have entered into a definitive agreement under which JetBlue will transfer to Allegiant all of the holdings of Spirit Airlines, Inc. (NYSE: SAVE) at Boston Logan International Airport and Newark Liberty International Airport. JetBlue will also turn over up to five gates and related ground facilities at Fort Lauderdale-Hollywood International Airport to promote ultra-low-cost carrier growth.

JetBlue and Allegiant Announce Divestiture Agreement in Connection with JetBlue's Combination with Spirit

100 percent of donations will benefit the philanthropic works of the Spirit Charitable Foundation Spirit Charitable Foundation images & Spirit logos available HERE MIRAMAR, Fla. , Sept. 5, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating International Charity Day by introducing a new way to donate to the Spirit Charitable Foundation.

Spirit Airlines Launches Round-Up Donation Feature at Booking, Empowering Travelers to Make a Positive Impact on Nonprofits Across the Carrier's Network

The merger between the airlines is being contested by the Justice Department, which is suing to block the $3.8 billion deal.

JetBlue Plans to Hike Spirit Fares by up to 40%, Court Filing Error Reveals

JetBlue Airways estimates that it could raise fares on some routes by up to 40% if it succeeds in buying Spirit Airlines and eliminating the low-fare carrier as a competitor on those routes.

JetBlue says it could raise fares by as much as 40% on some routes after buying Spirit Airlines

Spirit Airlines Inc has agreed to pay up to $8.25 million to settle a class action lawsuit by passengers who said the low-cost carrier blindsided them with surprise carry-on bag fees on tickets bought through third-party travel services.

Spirit Airlines to pay up to $8.25 mln in class action over 'gotcha' carry-on bag fees

The largest U.S.-based, ultra-low-cost carrier in Colombia delivers  affordable, nonstop flights to Fort Lauderdale (FLL) and Orlando (MCO) Photos and video available HERE MIRAMAR, Fla., Aug. 24, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating 15 years of giving its Guests More Go between Colombia and the United States after first landing in 2008 and growing to be the largest U.S.-based, ultra-low-cost carrier in Colombia today.

Spirit Airlines Celebrates 15 Years of Serving Colombia with Anniversary Fares & Free Spirit® Promotion

Rising fuel costs and increasing capex hurt Spirit Airlines (SAVE).

Spirit Airlines (SAVE) Falls 34.2% in a Year: Here's Why

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 August 25, 2023, as the record date for the August 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “August 2023 Additional Prepayment”), with payment of the.

JetBlue Announces Record and Payment Dates for August 2023 Additional Prepayment to Spirit Stockholders

Hawaiian Hlds

JetBlue, Spirit, and Hawaiian are among the companies that are shifting ground crew and changing flight schedules after last month's recall.

News for Spirit Airlines Stock (SAVE)