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.

Spirit Airlines is reportedly planning to file for bankruptcy protection in a matter of weeks after revived merger talks with Frontier Airlines fell through.

Spirit prepares for bankruptcy filing after failed Frontier talks: report

Spirit Airlines shares plunged almost 60% following a Wall Street Journal report the low-cost carrier is nearing a bankruptcy filing after a potential merger with Frontier Airlines has fallen through. Per the report, the Florida-based airline is working with creditors to make a bankruptcy plan and a filing could occur within weeks.

Spirit Airlines reportedly nearing bankruptcy filing, unable to file Q3 report as it restructures debt

Spirit is expected to file for bankruptcy in the coming weeks.

Spirit Airlines warns its equity would be wiped out if it reaches bankruptcy deal with its creditors

Groupon

ZoomInfo Technologies

U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Wednesday.

Spirit Airlines, Groupon, ZoomInfo Technologies And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Spirit Airlines (SAVE) shares are plunging more than 60% in premarket trading on a report that the budget carrier is getting ready to file for bankruptcy protection after revived merger talks with Frontier Airlines parent Frontier Group Holdings (ULCC) collapsed.

Spirit Airlines Stock Sinks on Report Frontier Merger Talks Break Down

The ultra-low-cost carrier is preparing to file for bankruptcy protection, The Wall Street Journal reports.

Spirit Airlines Stock Tumbles on Bankruptcy Report. What It Means for Shareholders.

Spirit Airlines shares cratered sharply in after-market trading on Tuesday evening, as the company announced it was in talks with creditors to restructure its debts in a deal—shortly after the Wall Street Journal reported the company is preparing to file for bankruptcy protection and its planned merger with rival low-cost carrier Frontier had broken down.

Spirit Airlines Shares Crater In After-Hours Trading As It Nears Bankruptcy Deal That Could Wipe Out Shareholders

DANIA BEACH, Fla., Nov. 12, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that it had filed a Form 12b-25 with the Securities and Exchange Commission that is expected to be available on the SEC's EDGAR filing system on Wednesday, November 13, 2024, prior to the opening of the market session.

Spirit Airlines Files Form 12b-25

Frontier Group Holdings

Beleaguered Spirit Airlines reportedly is discussing its options with creditors as Frontier Airlines abandons merger talks.

Spirit may be at the end of its runway as Frontier talks break down, bankruptcy looms

Shares plummeted 35% in after-hours trading.

Spirit Airlines preparing bankruptcy filing after talks with Frontier Airlines collapse: report

Spirit Airlines is preparing to file for bankruptcy protection after merger talks with Frontier Airlines broke down, the Wall Street Journal reported, citing people familiar with the matter.

Spirit Airlines prepares to file for bankruptcy, WSJ reports

A Spirit flight was struck by gunfire on Monday and a flight attendant was injured while trying to land at Port-au-Prince's airport. Spirit, American and JetBlue have suspended Haiti flights.

FAA bans U.S.-Haiti flights for 30 days after Spirit Airlines flight struck by gunfire

Zeta Global Holdings Corp

U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Tuesday.

Zeta Global, Spirit Airlines And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

A Spirit Airlines flight destined for the Haitian capital of Port-au-Prince was struck by gunfire on Monday, forcing it to be diverted to the neighboring Dominican Republic.

Spirit Airlines flight hit by gunfire while approaching Haiti's Port-au-Prince

Low-cost carrier Spirit Airlines has dodged literal bullets to post a 30% share price gain on Monday. News has emerged that the airline, which reportedly entered Chapter 11 bankruptcy protection discussions in October, was struck by gunfire as it attempted to land in Haiti's conflict-ridden capital Port-au-Prince.

Spirit Airlines dodges bullets to post 30% share price gain

Spoiler: It's a horrifying number. Here's why.

If You'd Invested $10,000 in Spirit Airlines Stock 10 Years Ago, Here's How Much You'd Have Today

Spirit Airlines is taking aggressive steps to avoid bankruptcy, but the best-case outcome still isn't likely to result in a huge payday.

Is Spirit Airlines a Millionaire-Maker Stock?

American Airlines

Delta Air Lines

JetBlue Airways

United Continental Hlds

Trump's re-election as U.S. president may lead to lesser scrutiny regarding mergers and acquisitions in the airline industry.

US Airline Stocks Gain Altitude Post Trump's Re-Election: Here's Why

Travelers in the Dominican Republic can enjoy limited-time anniversary fares starting at $ 129* one way DANIA BEACH, Fla., Nov. 7, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating two decades of soaring between the Dominican Republic and the United States this November with limited-time anniversary fares and a Free Spirit ® loyalty program promotion.

Spirit Airlines Celebrates 20 Years in the Dominican Republic with Savings that Soar

Spirit Charitable Foundation hosts seventh annual Spirit Open with more than 200 participants Event photos are available for download here DANIA BEACH, Fla., Nov. 6, 2024 /PRNewswire/ -- The Spirit Charitable Foundation's seventh annual Spirit Open was in full swing earlier this week, raising more than $1.2 million for nonprofit organizations throughout Spirit Airlines' (NYSE: SAVE) network.

Spirit Airlines Raises $1.2M+ at Annual Charity Golf Tournament Benefitting Nonprofit Organizations

Spirit Airlines is working from a position of weakness, and the risk is very high for investors that put money into the stock.

Is Spirit Airlines Worth the Gamble Amid Bankruptcy Fears?

FuboTV

Walgreens

These stocks have all lost more than 80% of their value in the past five years.

3 of the Scariest Stocks to Be Holding Right Now

Spirit Airlines Inc. on Wednesday said it would furlough around 330 pilots early next year, the latest money-saving effort by the struggling discount carrier to stay afloat as it wrangles with debt, losses and weaker sales.

Spirit Airlines furloughs more pilots as part of efforts to cut costs

Spirit Airlines will furlough about 330 pilots on Jan. 31, 2025, a company spokesperson told Reuters.

Spirit Airlines to furlough hundreds of pilots

McDonald's

Tesla

Here are some of the major companies whose stocks moved on the week's news.

News for Spirit Airlines Stock (SAVE)