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

If JetBlue and Spirit merge, flight attendants would likely get to vote on whom they want to represent them. Both AFA And TWU have charismatic leaders.

If JetBlue And Spirit Merge, Flight Attendants Would Choose Between Two Unions.

Spirit Airlines (SAVE) feels that JetBlue's $3.6B offer could lead to a "superior proposal" from its previously inked merger agreement with Frontier Airlines.

Spirit Airlines (SAVE) to Begin Talks on JetBlue's $3.6B Offer

Frontier Group Holdings

Spirit says JetBlue's unsolicited $33 a share all-cash offer could 'reasonably be likely' to lead to a superior proposal to rival Frontier's cash-and-stock offer agreed to in February.

Spirit to Engage With JetBlue Over $3.6 Billion Offer. It Doesn't Mean the Frontier Deal Is Over Yet.

Spirit Airlines would start talks with JetBlue Airways Corp on its $3.6-billion offer, the budget carrier said late on Thursday as it could likely lead to a "superior proposal" to the one from Frontier Group Holdings.

Spirit Airlines to start talks with JetBlue on its $3.6 billion bid

NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today welcomed the determination by the Board of Directors of Spirit (NYSE: SAVE) that JetBlue's offer to acquire Spirit could reasonably be likely to lead to a “Superior Proposal” under the terms of its current merger agreement with Frontier. “We are pleased the Spirit Board recognizes the compelling value for all stakeholders that JetBlue has offered,” said Robin Hayes, chief executive officer, JetBlue. “We believe JetBlue is the best partner

JetBlue Comments on Spirit's Announcement Regarding Its Proposal

(Reuters) -Spirit Airlines would start talks with JetBlue Airways Corp on its $3.6-billion offer, the budget carrier said on Friday as it could likely lead to a "superior proposal" to the one from Frontier Group Holdings.

Spirit Airlines to begin talks with JetBlue after $3.6-billion bid

MIRAMAR, Fla. , April 7, 2022  /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today announced that its Board of Directors has determined, after consultation with the Company's outside financial and legal advisors, that the unsolicited proposal received from JetBlue Airways ("JetBlue") (Nasdaq: JBLU) to acquire Spirit in an all-cash transaction for $33.00 per share could reasonably be likely to lead to a "Superior Proposal" as defined in Spirit's merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc. Spirit intends to engage in discussions with JetBlue with respect to JetBlue's proposal, in accordance with the terms of the Company's merger agreement with Frontier.

Spirit Airlines to Begin Discussions with JetBlue Airways

JetBlue's bid to buy Spirit left investors scrambling.

Why Shares of JetBlue and Spirit Airlines Flew In Opposite Directions This Week

Spirit Airlines' barebones business model has provided comedians with dozens of punchlines over the years.

Who loses if JetBlue buys Spirit? Comedians

Robin Hayes, the ebullient chief executive of JetBlue Airways Corp, was on an Amtrak train on Tuesday coming back from Boston when news broke that his company had made an offer to acquire Spirit Airlines Inc.

Analysis: JetBlue faces struggle in selling Spirit takeover bid to investors

JetBlue is prepared to pay $3.6 billion for Spirit Airlines.

A Blow To The Spirit-Frontier Mega Merger?

Wall Street analysts call JetBlue's bid a "headscratcher," though some say the move would make Frontier the US' only low-cost giant.

JetBlue would scrap the Spirit brand if it buys the airline and leave Frontier as the only large ultra low-cost carrier in the US

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JetBlue Airways Corp. made its case for buying Spirit Airlines Inc. to Wall Street on Wednesday, but analysts remained concerned that its “headscratcher” bid could result in a corporate-culture mismatch, struggle to get regulatory approval, and end in higher fares.

The Ratings Game: JetBlue's ‘headscratcher' bid for Spirit may be bad news for consumers, Wall Street says

That better buyout offer is no sure thing.

Why Spirit Airlines Shares Are Falling Today

JetBlue Airways (JBLU) has made an all-cash offer of $3.6 billion to acquire ultra-low-cost airline Spirit Airlines (SAVE).

JetBlue (JBLU) Makes $3.6 Billion Bid for Spirit (SAVE)

The shares of Spirit Airlines Incorporated (NYSE:SAVE) are down 6.2% at $25.25 amid news that its board is weighing a cash takeover offer from JetBlue (JBLU) for $3.6 billion.

Spirit Airlines Stock Tumbles on New Buyout Offer

Analysts Cast Doubts on Spirit Airlines Latest Buyout Offer

Investors are selling JBLU stock after JetBlue announced a competing, all-cash offer for Spirit Airlines. Raymond James downgraded the shares.

JetBlue vs. Frontier: What to Know About the JBLU Stock-Spirit Airlines News

The discount airline has received an unsolicited takeover offer from JetBlue Airways, setting up a potential bidding war to acquire it. The post Why Is Spirit Airlines (SAVE) Stock in the Spotlight Today?

Why Is Spirit Airlines (SAVE) Stock in the Spotlight Today?

The proposed deal with Spirit Airlines is expected to expand JetBlue's (JBLU) network across the United States, the Caribbean and Latin America, offering customers more than 1,700 daily flights.

JetBlue (JBLU) Proposes $3.6B Deal to Acquire Spirit Airlines

JetBlue Airways Corp's $3.6 billion bid for low-cost airline Spirit Airlines caught Wall Street off guard on Wednesday, with analysts questioning the benefits of a merger between the two carriers.

JetBlue's Spirit bid takes Wall Street by surprise, analysts question deal merits

Why JetBlue is willing to shell out $3.6 billion for discount airline Spirit

JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier Airlines in the discount flying market.

JetBlue seeks to buy Spirit Airways, threatening Frontier deal

JetBlue Airways is offering $3.6 billion in an all-cash deal to buy Spirit Airlines, which would challenge the efforts by Frontier Airlines to do the same, The Wall Street Journal reported Tuesday (April 5). The company offered to buy Spirit for $33 a share, calling it an unsolicited bid.

News for Spirit Airlines Stock (SAVE)