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 (SAVE) delivered earnings and revenue surprises of 133.33% and 0.70%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Spirit (SAVE) Q3 Earnings Beat Estimates

MIRAMAR, Fla. , Oct. 26, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported third quarter 2022 financial results.

Spirit Airlines Reports Third Quarter 2022 Results

MIRAMAR, Fla., Oct. 24, 2022 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) and CAE (NYSE: CAE) today announced the launch of the Spirit Wings Pilot Pathway program that aims to expand the carrier's pipeline of highly skilled, professional pilots.

Spirit Airlines and CAE Launch New Spirit Wings Pilot Pathway Program for Aspiring Commercial Pilots

JetBlue Airways

To fully anticipate the result of the deal, let's take a brief look at the two companies.

Spirit and JetBlue Merger: What to Expect

Following a monthslong courting process, shareholders of Spirit Airlines (NYSE: SAVE ) approved its merger with JetBlue Airways (NASDAQ: JBLU ). According to the Wall Street Journal, it's a step toward creating the fifth-largest U.S. airline, and on the surface, a positive for SAVE stock.

SAVE Stock News: Spirit Airlines Shareholders Approve JetBlue Takeover

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.

Will Spirit (SAVE) Report Negative Q3 Earnings? What You Should Know

The airlines will need to convince regulators that combining won't harm competition or result in higher ticket prices for travelers.

Spirit Airlines Shareholders Sign Off on JetBlue Merger

Wall Street widely expected shareholders to approve the sale after they forced Spirit to drop a proposed merger with Frontier Airlines in favor of JetBlue's richer, all-cash offer.

Spirit Airlines shareholders approve $3.8B merger with JetBlue

Spirit Airlines (SAVE) announced that its stockholders approved the merger agreement with JetBlue Airways (JBLU). These are the details.

Spirit (SAVE) Announces Stockholder Approval Of Merger Agreement With JetBlue (JBLU)

Spirit Airlines shareholders on Wednesday approved the $3.8 billion merger agreement with JetBlue. The carrier originally planned to merge with Frontier.

Spirit shareholders approve JetBlue takeover

Shareholders of U.S. carrier Spirit Airlines Inc on Wednesday voted in favor of JetBlue Airways Corp's $3.8 billion takeover offer, moving the companies closer to creating the nation's fifth-largest carrier.

Spirit Airlines shareholders vote in favor of $3.8 bln JetBlue merger

Spirit Airlines shareholders have approved a takeover by JetBlue Airways, ending a six-month battle to create the country's fifth-largest carrier.

Spirit shareholders approve takeover by JetBlue after long battle for discount airline

Transaction Expected to Close No Later Than the First Half of 2024 MIRAMAR, Fla. , Oct. 19, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today announced that its stockholders approved the merger agreement with JetBlue Airways Corporation ("JetBlue") (NASDAQ: JBLU).

Spirit Announces Stockholder Approval of Merger Agreement with JetBlue

The only daily, nonstop service between Orlando and Rochester begins today Photos and video available HERE MIRAMAR, Fla., Oct. 18, 2022 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is rolling down the runway in Rochester with convenient options to reach Florida's beaches and attractions just in time for winter.

Spirit Airlines Lands in Rochester with Nonstop Flights to Top Vacation Destination

Allegiant Travel Company

Despite weather impacts, both of these airlines are in a position to see some upside.

These 2 Ultra-Low-Cost Airlines Are Poised for Takeoff

MIRAMAR, Fla.--(BUSINESS WIRE)--Spirit Airlines, Inc. (“Spirit” or the “Company”) (NYSE: SAVE) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”) have recommended that Spirit stockholders vote FOR the merger agreement with JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU). “We appreciate that both of the leading proxy advisory firms recognize the merger agreement with JetBlue is the best path f

Spirit Airlines Announces ISS and Glass Lewis Recommendations that Stockholders Vote FOR the Proposed Merger with JetBlue

Nonstop Flights to Fort Lauderdale and Orlando Begin in Early 2023 Photos and video available HERE   MIRAMAR, Fla. , Oct. 4, 2022 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) bright yellow planes are arriving as the new fleet on the ramp at Norfolk International Airport (ORF).

Spirit Airlines Embarks on New Daily Service at Norfolk

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Frontier Group Holdings

Airlines have canceled flights, Disney has closed theme parks and utilities are readying repair crews as the Category 4 storm approaches Florida.

Hurricane Ian Heads to Florida. Watch These Stocks.

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The industry could struggle to power through the latest headwinds.

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Economic uncertainty is making it hard for this sector to take off.

Why Airline Stocks Are Falling Today

Spirit Airlines has at least 44% upside on closing the JetBlue deal. The airline deal still has a lot of questions on whether regulators will approve the merger.

Spirit Airlines: Wait For The Payout

Deutsche Lufthansa AG

It continues to be a difficult time for airlines and their shareholders. Staff shortages, scheduling problems, and canceled flights made headlines around the world this summer as carriers struggled to keep pace with a surge of travel demand.

3 Airline Stocks to Sell Now

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

Spirit (SAVE) Down 8% Since Last Earnings Report: Can It Rebound?

Spirit Airlines﻿﻿ pilots are pushing to amend their contract with the carrier, chiefly by raising pay rates, before a planned merger with JetBlue moves ahead.

Spirit Pilots Seek Higher Pay Before JetBlue Merger: Talks Start Tuesday

With Spirit Airlines' (SAVE) mechanics casting their votes in favor of unionization, costs are likely to be jacked up.

News for Spirit Airlines Stock (SAVE)