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.

MIRAMAR, Fla. , Feb. 6, 2023 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported fourth quarter and full year 2022 financial results.

Spirit Airlines Reports Fourth Quarter and Full Year 2022 Results

Spirit (SAVE) doesn't possess 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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

American Airlines

Allegiant Travel Company

After a summer of labor disputes and a winter storm that forced cancellations from sea to shining sea, investors were finally beginning to believe that long positions in airline stocks were ready to take off. However, last week's grounding of all U.S. flights is a reminder that all is not well in the airline industry.

3 Airline Stocks to Sell to Avoid the Choppy Skies

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 January 25, 2023, as the record date for the January 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “January 2023 Additional Prepayment”), with payment of the January 2023 Additional Prepayment to occur on January 31, 2023. Pursuant to the Merger Agreement, Spirit stockholders as of the January 25, 2023, record date will be entitled to receive the January 2023 Additional Prepayment.

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

Delta Air Lines

Southwest Airlines

United Continental Hlds

Airline stocks fell before market open Friday after Delta Air Lines Inc. gave weaker-than-expected guidance for the first quarter.

Airline stocks fall premarket after Delta's weaker-than-expected guidance

American had a stronger-than-expected holiday season.

Why Airline Stocks Are Gaining Altitude Today

Nearly 70% of Spirit's pilots voted in favor of the deal, which the Air Line Pilots Association union said included gains worth $463 million. The two-year agreement comes as carriers resume posting profits after a deep pandemic slump.

Spirit Airlines Pilots Approve New Contract, Lifting Pay 34%

U.S. airline executives may be brimming with optimism about 2023, but not a single major airline recorded a stock market gain in 2022. The best performing stock, in Spirit Airlines, fell 13%.

Every Single Airline Stock Fell In 2022, But Let's Look Forward

L3Harris

Spirit Wings Pilot Pathway Launches in Central Florida MIRAMAR, Fla. , Dec. 15, 2022 /PRNewswire/ -- The sky's the limit for aspiring Spirit Airlines (NYSE:SAVE) Pilots.

New Spirit Airlines & L3Harris Pathway Program Puts Aspiring Pilots on the Fast Track to a Successful Career

Nonstop service to Fort Lauderdale, Newark & Philadelphia begins in April 2023 Photos and video available HERE MIRAMAR, Fla., Dec. 14, 2022 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) bright yellow planes will soon soar over the scenic streets of Charleston, South Carolina.

Spirit Airlines to Connect Charleston's Charm with 3 Major Metro Areas Along the East Coast

ALPA, the union which represents the pilots of Spirit (SAVE), plans road shows to garner support for the agreement.

Spirit Airlines (SAVE) Pilots May Get Substantial Pay Hike

Spirit Airlines has offered as much as a 43% cumulative weighted average pay raise to its pilots over two years, according to a union memo seen by Reuters.

Spirit Airlines offers big raises to pilots in new contract - union memo

Investors need to pay close attention to Spirit Airlines (SAVE) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Spirit Airlines (SAVE) Stock?

Spirit Airlines is a hold awaiting combination with JetBlue. Main levers for improving results are lower fuel prices, higher utilization and further fleet expansion.

Spirit Airlines: Assessing Performance Amidst JetBlue Buy

Spirit (SAVE) reported earnings 30 days ago. What's next for the stock?

Why Is Spirit (SAVE) Up 0.3% Since Last Earnings Report?

Daily service to Las Vegas and Orlando starts, with Baltimore/Washington D.C.  and Fort Lauderdale launching March 2023 Photos and video available HERE MIRAMAR, Fla.

Spirit Airlines Celebrates Inaugural San Antonio Flight by Doubling Service

The carrier called the cuts temporary and said it intends to restore them in 2023.

Spirit is dropping 37 routes from its network in a significant adjustment that targets Florida — see the full list

Alaska Air Group

Economic resilience adds to the bull case for this beaten-down sector.

Why Airline Stocks Are Soaring Today

The latest storm headed toward Florida about a month and a half after Hurricane Ian caused severe damage on the state's Gulf coast.

Tropical Storm Nicole snarls travel in Florida, Orlando airport to suspend flights

Spirit Airlines (SAVE) third-quarter 2022 earnings and revenues increase year over year.

Spirit Airlines (SAVE) Down 2% Since Q3 Earnings Release

The share of Spirit Airlines Incorporated (NYSE:SAVE) are pivoting lower today, last seen down 1.5% at $21.62, as a new ceiling seemingly emerges at the $22.50 region and the stock's October rally loses steam.

Bearish Trendline Could Push Airline Stock Even Lower

Spirit Airlines (SAVE) has been climbing since the $18 level captured its mid-October lows, though the stock now appears to be running into pressure at the $22 level, which is also the site of its year-to-date breakeven level.

Spirit Airlines Stock Flashing Bear Signal

The consensus price target hints at a 31.3% upside potential for Spirit (SAVE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe Spirit (SAVE) Could Rally 31%: Here's is How to Trade

Cabin enhancements boost comfort while maintaining Spirit's industry-leading commitment to affordable travel The new wider seats include more cushion, new headrests and reaffirms the additional usable legroom created by curved seatback designs Click here for images MIRAMAR, Fla. , Oct. 27, 2022 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) continues to revolutionize ultra low-fare travel by adding the latest state-of-the-art design features in aircraft seats.

Spirit Airlines Reveals Latest Guest Experience Investment with Enhanced, Wider Seats

Spirit Airlines Inc. (NYSE:SAVE ) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET Company Participants DeAnne Gabel - Senior Director, Investor Relations Ted Christie - President and Chief Executive Officer Matthew Klein - Executive Vice President and Chief Commercial Officer Scott Haralson - Senior Vice President and Chief Financial Officer Conference Call Participants Michael Linenberg - Deutsche Bank Duane Pfennigwerth - Evercore Christopher Stathoulopoulos - Susquehanna Conor Cunningham - Melius Research Scott Group - Wolfe Research Jamie Baker - JPMorgan Quinn Wasko - Cowen Stephen Trent - Citi Savanthi Syth - Raymond James Andrew Didora - Bank of America Operator Good morning, ladies and gentlemen and welcome to the Spirit Airlines' Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode and please be advised that this call is being recorded.

News for Spirit Airlines Stock (SAVE)