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 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.

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Spirit Expands Status Match to Offer Eligible Guests Free Spirit Status for One Year Photos available HERE MIRAMAR, Fla., April 6, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is offering frequent travelers a fast-track to the best benefits of the Free Spirit program, including free carry-on and checked bags, seat selection, onboard snacks and drinks and other valuable perks.

Elite Members of 30+ Airline & Hotel Loyalty Programs Get Shortcut to Free Spirit® Status

Daily, nonstop service to Fort Lauderdale, Newark and Philadelphia launch today, with the airport's only nonstop flights to Las Vegas starting September 2023 Spirit images & logos available HERE MIRAMAR, Fla., April 5, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is adding bright yellow to Charleston's iconic Rainbow Row today with the launch of its new, nonstop service from Charleston International Airport (CHS).

Spirit Airlines Celebrates Inaugural Launch of Charleston, S.C., Flights with New Nonstop Las Vegas Route Announcement

Guests in select cities can enter for a chance to win a vacation to Fort Lauderdale, Fort Myers, Orlando or Tampa at spirit.com/flyaway Spirit images & logos available HERE MIRAMAR, Fla., April 4, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating three decades of giving Guests More Go to the Sunshine State with a Florida Flyaway to Fort Lauderdale (FLL), Fort Myers (RSW), Orlando (MCO) or Tampa (TPA).

Spirit Airlines Celebrates 30 Years of Service to the Sunshine State with 'Florida Flyaway' Giveaway

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Increased air-travel demand is aiding Spirit Airlines' (SAVE) top-line performance. Rising fuel costs continue to weigh on the bottom line.

Spirit Airlines (SAVE) Rides on Air Travel Demand Amid Cost Woes

Aspiring Pilots, Flight Attendants, Aircraft Maintenance Technicians and others invited to apply for jobs at spirit.com/careers MIRAMAR, Fla. , March 30, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced plans to hire more than 4,000 new Team Members in 2023 as the airline adds new planes and destinations to its growing network.

Hit New Career Heights With Spirit Airlines; 4,000+ Spirit Family Members to be Added in 2023

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 March 27, 2023, as the record date for the March 2023 prepayment to Spirit stockholders of $0.

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

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United Airlines revised its guidance overnight, predicting a first-quarter loss due to higher fuel costs and the expected impact of a new pilot contract. The airline continues to forecast a strong profit for the full year.

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The airline industry expects demand to soar coming out of the pandemic. What does that mean for airline stocks?

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Spirit Airlines Inc. SAVE said Tuesday it now expects its fiscal first quarter operating expenses to range from $1.45 billion to $1.47 billion, some $60 million to $70 million higher than previous guidance. The carrier said that's mostly due to higher fuel costs and the implementation of a new pilot contract.

Spirit Airlines raises outlook for Q1 operating costs, sees capacity about a half percentage point lower than prior guidance

Spirit Charitable Foundation celebrates sixth annual Spirit Open with more than 200 participants Event photos available HERE MIRAMAR, Fla. , March 13, 2023 /PRNewswire/ -- The Spirit Charitable Foundation "kept it on the short grass" at its sixth annual Spirit Open last week raising more than $1.5 million for nonprofit organizations across Spirit Airlines' (NYSE: SAVE) growing network.

Spirit Airlines Raises $1.5M+ 'Fore' Charities in South Florida & Beyond at Annual Spirit Open Golf Tournament

The Department of Justice is suing to stop the proposed merger between JetBlue Airways (NASDAQ: JBLU) and Spirit Airlines (NYSE: SAVE) on antitrust grounds. A judge who is known for rapidly pushing cases to trial is already assigned to the case.

DOJ Lawsuit Shakes Up JetBlue-Spirit Airlines Deal - What's Next?

There was a development in the lawsuit aiming to block Spirit's acquisition by JetBlue. On Tuesday, the Department of Justice filed the suit, alleging that the deal would ultimately raise costs for consumers.

Why Spirit Airlines Stock Soared on Wednesday

The Department of Justice's move to block the impending takeover of Spirit Airlines (SAVE) by JetBlue (JBLU) finds support from the USDOT.

Is JetBlue (JBLU)-Spirit (SAVE) Deal in Jeopardy Post Lawsuit?

The DoJ is attempting to block the JetBlue-Spirit combination. Opposition was expected, but JetBlue reached one prime target, and that's preventing the combination of a bigger ultra low-cost carrier.

JetBlue - Spirit Airlines Merger Hits Roadblock, Spirit Stock Has Upside

Daily, nonstop flights to Fort Lauderdale and Orlando start today Photos and video available HERE MIRAMAR, Fla. , March 8, 2023 /PRNewswire/ -- Virginia is for travel lovers, and now there's even more to love as Spirit Airlines (NYSE: SAVE) launches service at Norfolk International Airport (ORF).

Norfolk Travelers Gain New, Nonstop Flights to Florida with the Launch of Spirit Airlines Service

SEATTLE , March 8, 2023 /PRNewswire/ -- Today, The Interaction Group, the global leader for the design and creation of airline safety cards, announced it was selected by Spirit Airlines to create updated designs and printing of passenger safety cards. Spirit Airlines selects Seattle-based The Interaction Group for inflight airline safety cards.

Spirit Airlines selects The Interaction Group for Airline Inflight Safety Cards

JetBlue Chief Executive Robin Hayes strongly defended the airline's $3.8 billion plan to buy ultra-low cost carrier Spirit Airlines despite the Justice Department's lawsuit Tuesday challenging the deal.

JetBlue CEO defends Spirit deal, says passengers will save money

The US Justice Department on Tuesday sued to block a $3.8 billion JetBlue-Spirit airline merger, saying that the combination would harm consumers and violate antitrust law.

US Justice Dept sues to block JetBlue-Spirit airline merger

The Department of Justice filed suit to block JetBlue's acquisition of Spirit, but the acquirer is having luck convincing some states to support the deal. Unless a settlement can be negotiated, the two sides will have a chance to argue their case in court.

Why Spirit Airlines Stock Is Up Today

If JetBlue buys Spirit Airlines, airfares would rise for consumers across the board, the US argues in a new lawsuit filed to block the merger.

JetBlue combining with Spirit would make airfare more expensive, US says in lawsuit filed to block a merger

NEW YORK & MIRAMAR, Fla.--(BUSINESS WIRE)--JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU) and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE) today responded to the filing of a complaint by the U.S.

JetBlue and Spirit Will Continue to Advance Plan to Create Compelling National Low-Fare Challenger to the Dominant U.S. Carriers

The Biden administration sued on Tuesday to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines.

DOJ sues to block JetBlue from buying Spirit Airlines in $3.8B deal

The US Justice Department is suing to stop JetBlue's proposed $3.8 billion deal to buy discount carrier Spirit Airlines, the first time in more than 20 years that the government has sought to block a US airline merger.

US Justice Department sues to block JetBlue's purchase of Spirit Airlines

The Justice Department says JetBlue's acquisition of Spirit 'would eliminate the largest and fastest-growing ultra-low-cost carrier in the United States.'

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