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.

JetBlue Airways

Frontier Group Holdings

Spirit and Frontier airlines Wednesday finally pulled the plug on their proposed deal, which had been on life support for months, clearing the way for a possible purchase of Spirit by JetBlue Airways.

Spirit and Frontier pull plug on deal, setting stage for JetBlue to buy Spirit

Frontier and JetBlue submitted competing bids to acquire Spirit.

Spirit And Frontier Airlines Cancel Merger Plans—Opening Door For JetBlue's Offer

After months of back-and-forth, Spirit Airlines announced Wednesday that it was breaking off a merger with Frontier Group, opening the door to a possible takeover by JetBlue.

Spirit terminates Frontier deal, says in talks with JetBlue

Investors set the airline on a course toward a JetBlue merger.

Why Spirit Airlines Is Flying Higher Today

The bidding war for Spirit started at the beginning of the year after Frontier Group Holdings announced a definitive merger agreement with the carrier.

Spirit terminates merger with Frontier Airlines

The two airlines won't merge after all after, but JetBlue is still interested. Any deal could mean consolidation among the US' budget airlines.

Spirit and Frontier Airlines cancel merger deal. It could be good news for JetBlue's competing bid

The decision by Spirit and Frontier to terminate their deal was announced while Spirit shareholders were still voting on the proposal.

Spirit and Frontier scrap merger bid, paving way for JetBlue deal

MIRAMAR, Fla.--(BUSINESS WIRE)--Spirit Airlines, Inc. (“Spirit” or the “Company”) (NYSE:SAVE) today announced that it has terminated the merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc. “While we are disappointed that we had to terminate our proposed merger with Frontier, we are proud of the dedicated work of our Team Members on the transaction over the past many months,” said Ted Christie, President and CEO of Spirit Air

Spirit Announces Termination of Merger Agreement with Frontier

Spirit and Frontier announced plans to merge in February.

Spirit, Frontier terminate deal that was marred by JetBlue's rival bid

Spirit Airlines shareholders vote on a planned merger with Frontier Airlines.

Spirit shareholders to finally vote on Frontier deal clouded by rival JetBlue bid

Spirit Airlines Inc will go ahead with a vote on its sale to Frontier Group Holdings Inc on Wednesday, with its shareholders expected to shoot it down, according to people familiar with the matter.

Exclusive: Spirit vote on Frontier deal to go ahead, set to fail - sources

The vote on Spirit's merger with Frontier has been delayed four times.

Frontier or JetBlue? Spirit Shareholders to Vote on Merger Wednesday.

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FOX Business takes a look at the upcoming events, including the Federal Reserve's next decision on interest rates, that are likely to move financial markets in the coming days.

Amazon, Apple, Meta, Alphabet earnings, Fed decision, Spirit-Frontier merger vote top week ahead

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 Q2 Earnings? What You Should Know

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About 150 Pilots and 300 Flight Attendants to be based in Houston MIRAMAR, Fla., July 19, 2022 /PRNewswire/ -- Three months after announcing the addition of an aircraft maintenance facility and 50 new jobs in Houston, Spirit Airlines (NYSE: SAVE) today announced it's going even bigger with the addition of a new Pilot and Flight Attendant crew base at George Bush Intercontinental Airport (IAH).

Spirit Airlines Bringing Hundreds of Jobs to Houston with New Crew Base Cleared for Launch

In March Spirit announced crew bases in American Airlines hub Miami and at Delta Air Lines-dominated Atlanta.

Spirit Airlines plans crew base in United stronghold Houston, its third new outpost in five months

Proxy advisory firm Institutional Shareholder Services (ISS) on Friday recommended shareholders of Spirit Airlines Inc vote against the proposed deal with Frontier Group Holdings Inc.

ISS recommends Spirit shareholders vote against Frontier offer

Proxy advisory firm ISS has again changed its opinion on the Spirit-Frontier deal again.

ISS urges Spirit shareholders to vote against Frontier merger, calls JetBlue bid superior

Spirit Airlines agreed to postpone its shareholder vote on the potential deal with Frontier to the end of July to give the budget carrier more time to garner support from stockholders.

Spirit postpones Frontier deal vote to end of July

NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) issued the following statement from Robin Hayes, chief executive officer, regarding the decision by the Spirit (NYSE: SAVE) Board of Directors to adjourn its special meeting: We remain encouraged by the significant progress made in our ongoing discussions with Spirit. Additionally, Frontier has now confirmed that it does not intend to make any further changes to the terms of its latest proposal and that Spirit shareholders should consider it to

JetBlue Comments on Spirit's Adjournment of Special Meeting

Spirit partnered with inflight connectivity solution leader, Thales, to provide Guests with fast video streaming capabilities so Guests enjoy a next generation, true broadband experience in the air Click here  for images MIRAMAR, Fla. , July 13, 2022 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) has completed yet another groundbreaking investment in the Guest experience.

Spirit Airlines Completes Initial High-Speed Wi-Fi Installation, Takes Ultra-Low Fare Air Travel Experience to New Heights

Frontier had asked Spirit to move the meeting back from July 15 to give it more time to solicit shareholders.

Spirit Airlines Delays Vote on Frontier Again as Bid Battle Continues

Spirit Airlines has delayed a vote on its planned tie-up with Frontier Airlines for a fourth time.

Spirit Airlines delays vote on Frontier deal again amid concerns about lack of shareholder support

Spirit Airlines Inc said on Wednesday it intends to delay the shareholder vote on its merger deal with Frontier Group Holdings Inc to July 27.

News for Spirit Airlines Stock (SAVE)