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

(Reuters) -Spirit Airlines Inc on Tuesday rejected JetBlue Airways Corp's sweetened takeover offer and recommended that shareholders vote in favor of a merger with Frontier Group Holdings Inc at a meeting on Thursday.

Spirit Airlines rejects JetBlue offer, backs merger with Frontier Group

Shares of Spirit Airlines Inc. SAVE, +2.78% rallied 3.0% in morning trading Tuesday, after the discount air carrier responded to JetBlue Airways Corp.'s JBLU, +2.65% increased, unsolicited buyout bid by saying it was sticking to its merger agreement with Frontier Group Holdings Inc. ULCC, +3.74% , the parent of Frontier Airlines. "The latest offer from JetBlue does nothing to address our Board's serious concerns that a combination with them would not receive regulatory approval," Spirit Chief Executive Ted Christie said.

Spirit says it's sticking with Frontier merger deal, as JetBlue's increased bid was still too low

MIRAMAR, Fla.--(BUSINESS WIRE)--Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reaffirmed its commitment to its merger agreement with Frontier Group Holdings Inc. (“Frontier”) (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., and commented on the most recent revised offer from JetBlue Airways Corporation ("JetBlue") (NASDAQ: JBLU) received on June 27, 2022. Ted Christie, President and CEO of Spirit, said, “The latest offer from JetBlue does nothing to address our

Spirit Airlines Reaffirms Commitment to Merger with Frontier

Institutional Shareholder Services (ISS) said JetBlue Airways Corp's latest offer to buy Spirit Airlines Inc is "more favorable" for the ultra-low-cost airline's shareholders, but maintained its support for the Frontier deal.

ISS says new JetBlue offer more favorable for Spirit Airlines

As JetBlue responds to Frontier Group's increased its buyout bid for Spirit Airlines, both SAVE stock and JBLU stock are on the move. The post JBLU, SAVE Stock Rise as Bidding War for Spirit Airlines Continues appeared first on InvestorPlace.

JBLU, SAVE Stock Rise as Bidding War for Spirit Airlines Continues

Frontier Group recently raised its takeover offer for Spirit Airlines, leading Spirit's board to reject JetBlue's overtures yet again.

Spirit Airlines Spurns JetBlue Again

NEW YORK--(BUSINESS WIRE)--JetBlue Welcomes Support for Superior Offer to Acquire Spirit

JetBlue Welcomes Support for Superior Offer to Acquire Spirit

NEW YORK--(BUSINESS WIRE)--TIG Advisors, LLC, an investment adviser which owns approximately 2 million shares of Spirit Airlines, Inc. (NYSE: SAVE) (“Spirit” or the “Company”) as of the Company's Record Date, today sent a letter to the Spirit Board of Directors regarding its intention to vote “AGAINST” the Company's proposed merger agreement with Frontier Group Holdings, Inc. at the Company's Special Meeting of Stockholders to be held on June 30, 2022. The full text of the letter follows. June

TIG Advisors Sends Letter to Spirit Airlines Board Regarding its Intention to Vote “AGAINST” Proposed Merger with Frontier Group Holdings

Frontier Airlines parent Frontier Group Holdings Inc. ULCC, -11.20% issued a statement Tuesday to "set the record straight" about JetBlue Airways Corp.'s JBLU, +1.62% comments regarding antitrust concerns that would be raised if it acquired Spirit Airlines Inc. SAVE, -7.95% The statement comes after JetBlue increased its bid to buy Spirit late Monday, as the air carrier tried to break up the merger deal between Frontier and Spirit, which was also sweetened late Friday. Frontier noted that JetBlue has said recently that Spirit was "hiding behind 'false' and 'misleading' antitrust concerns to deny JetBlue's buyout attempt.

Frontier calls out JetBlue for 'not telling the truth' about antitrust concerns if it were to buy Spirit

Spirit shareholders are to vote on the merger deal with Frontier on June 30.

JetBlue Won't Give Up in Its Fight to Buy Spirit Airlines

JetBlue Modifies Superior Offer After Consultation with Shareholders.

Jetblue punches back at Frontier

JetBlue Airways Corp on Monday sweetened its offer for Spirit Airlines Inc with a 'ticking fee' and higher reverse termination fee, hoping to woo Spirit's shareholders from taking up Frontier Group's offer.

JetBlue sweetens Spirit takeover offer with 'ticking fee'

JetBlue Airways Corp. JBLU, +1.62% upped its proposal to buy Spirit Airlines Inc. SAVE, -7.95% again, trying to outdo Frontier Group Holdings Inc. ULCC, -11.20% , which sweetened its own offer for the ultra low-cost airline late Friday. JetBlue raised the fee it would have to pay Spirit if the deal wouldn't clear antitrust to $400 million, from $350 million, and its prepayment offer to $2.50 a share, payable as a cash dividend to Spirit shareholders "promptly following" a shareholder vote approving a merger with JetBlue.

JetBlue boosts Spirit bid again, adds 'ticking fee'

Frontier Group Holdings Chief Executive Barry Biffle said on Monday the company's revised offer for Spirit Airlines Inc will be enough to secure a merger deal with the ultra-low-cost carrier.

Frontier Group sees a deal with Spirit Airlines after revised offer

JetBlue's latest effort to win over Spirit comes ahead of a shareholder vote on an existing deal between Frontier and Spirit.

JetBlue ups offer for Spirit Airlines as shareholder vote on Frontier bid approaches

NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today announced that it is modifying its proposal to acquire Spirit (NYSE: SAVE) based on discussions with Spirit shareholders, and issued an open letter detailing the benefits of its decisively superior proposal and the recent misleading statements made by Spirit. JetBlue is communicating the modified proposal to Spirit's Board today. JetBlue continues to encourage Spirit shareholders to vote AGAINST Frontier's inferior offer. After engagement

JetBlue Modifies Superior Offer After Consultation with Shareholders

Frontier Group Holdings Inc.'s sweetened deal for Spirit Airlines Inc. got a nod from Institutional Shareholder Services Inc., one of the two largest independent services meant to advise investors on important shareholder votes.

Spirit shareholders should vote for Frontier offer, proxy adviser recommends

Spirit Airlines (SAVE) amends previously announced merger agreement with Frontier to include higher per-share cash consideration among others as it turns down JetBlue's takeover offer yet again.

Spirit Airlines (SAVE) Backs Frontier Deal on Enhanced Offer

SAVE holders have better and worse choice. The math is simple.

SAVE Yourself: Spirit Should Vote For $33.50 Over $24

After JetBlue sweetened its offer to take over Spirit Airlines, Frontier Group made its bid more competitive - yet, SAVE stock is plunging. The post Spirit Airlines (SAVE) Stock Slides as Frontier Airlines Ups Its Takeover Bid appeared first on InvestorPlace.

Spirit Airlines (SAVE) Stock Slides as Frontier Airlines Ups Its Takeover Bid

After a drawn-out  takeover battle , Spirit Airlines Incorporated (NYSE:SAVE) just announced that it plans on accepting Frontier Group's (ULCC) improved cash-and-stock bid worth $2.7 billion, with a shareholder vote slated to take place on Thursday.

Spirit Airlines Plans to Accept Frontier's $2.7 Billion Bid

Spirit Airlines Inc (NYSE: SAVE) shares are trading lower Monday after the company announced an amended merger agreement with Frontier Group Holdings Inc (NASDAQ: ULCC) which features a lower cash consideration, but more stock, than the acquisition offer from JetBlue Airways Corp (.

Why Spirit Airlines Stock Is Moving Lower Today

Spirit Airlines stock was falling Monday after the Florida-based discount airline received a sweetened offer from rival Frontier Group Holdings.

Spirit Stock Falls After Frontier Sweetens Its Takeover Bid

Frontier Airlines parent Frontier Group Holdings Inc. ULCC, +6.57% issued a letter to Spirit Airlines Inc. SAVE, +2.90% shareholders, urging them to support the air carriers' agreed upon merger deal. In the letter, Frontier Chairman William Franke and Chief Executive Barry Biffle say the recently amended Frontier-Spirit deal offers Spirit shareholders value "well in excess" of JetBlue Airways Corp.'s JBLU, +5.77% "illusory proposal, which lacks any realistic likelihood of obtaining regulatory approval.

Frontier appeals to Spirit shareholders to vote for merger, reject JetBlue's 'illusory proposal'

ISS Concludes Current Offer from Frontier is Preferable for Spirit Stockholders and Recognizes JetBlue's All-Cash Offer Limits Potential Upside With Favorable Recommendation from Glass Lewis & Co., Both Independent Proxy Advisory Firms Now Recommend FOR the Merger of Spirit and Frontier Spirit Board of Directors Continues to Unanimously Recommend Stockholders Vote FOR the Merger with Frontier on the WHITE Proxy Card  Special Meeting of Spirit Stockholders to be Held on June 30, 2022 For More Information, Stockholders Can Visit www.votespiritfrontier.com   MIRAMAR, Fla. , June 26, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that leading independent proxy advisory firm Institutional Shareholder Services ("ISS") recommends Spirit stockholders vote FOR the merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc. This recommendation follows a June 3 report from Glass, Lewis & Co., another leading independent proxy advisory firm, also recommending that stockholders vote FOR the proposed merger.

News for Spirit Airlines Stock (SAVE)