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

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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.

Frontier Group Holdings

Veteran budget airline investor Bill Franke has pledged to avoid what he once called the "path to hell" after masterminding a $2.9 billion merger of discount airlines - letting dealmaking get the better of tight cost controls that support low fares.

Indigo's Franke bets on winning cost formula for Frontier-Spirit airline

Spirit Airlines' (SAVE) proposed $2.9-billion merger deal with budget carrier, Frontier Airlines, is expected to enhance competition and create the fifth-largest U.S. airline.

Spirit Airlines (SAVE) Inks Merger Deal With Frontier Airlines

Politicians are under huge pressure to fight inflation as a rapid uptick in prices hits consumers' wallets and offsets wage hikes.

Frontier and Spirit want to merge. Inflation could get in the way

The two biggest U.S. ultra-low cost carriers want to team up.

Spirit Airlines and Frontier Airlines Plan Blockbuster Merger

NEW ORLEANS, Feb. 7, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

SPIRIT AIRLINES INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Spirit Airlines Inc. - SAVE

A bid by budget carriers Frontier Group Holdings and Spirit Airlines Inc to create the fifth-largest U.S. airline will face close scrutiny from the Justice Department, lawyers said Monday.

Frontier, Spirit tie-up will face close U.S. review - lawyers

California Democratic Congressman Ro Khanna is shrugging off potential antitrust issues in the proposed $6.6 billion merger of low-cost carriers Spirit and Frontier Airlines. But he does have one other big concern.

'I can't imagine the consumer experience could get worse,' congressman says of Frontier-Spirit merger

A solid day on Wall Street celebrated more consolidation.

Why the Frontier-Spirit Deal Lifted the Whole Airline Industry Monday

Spirit and Frontier Airlines on Monday announced a $6.6 billion merger, a combination of low-fare carriers that would create America's fifth-largest airline.

Spirit and Frontier Airlines plan to merge

Spirit Airlines (NYSE: SAVE) and Frontier Airlines (NASDAQ: ULCC) announced a $2.9-billion merger Monday that aims to create one of the most competitive low-cost airfares in the U.S.  The deal will create the nation's fifth-largest airline, with Frontier Airlines controlling 51.5% of the new company.

What Airline Stocks Did After The Last 4 M&A Deals In The Industry

Spirit Airlines agreed to be bought out by Frontier Holdings for a minimal premium.

Spirit Airlines: Stronger With Frontier

Peloton

Pent-up demand for acquisitions and pockets full of cash are driving expectations for heightened M&A this year. "We see multiple catalysts" for deals, Citi wrote.

The Spirit-Frontier Tie Up and Peloton Talk Is Just the Start. Here's Why Deals Are Soaring.

Spirit and Frontier overlap on more than 500 routes.

Spirit and Frontier are merging into a massive discount airline. Here's what that means for travelers

Spirit Airlines Inc (NYSE: SAVE) and Frontier Group Holdings Inc (NASDAQ: ULCC) on Monday announced plans to join forces in order to create a more competitive, ultra-low fare airline.  Spirit and Frontier told investors that the planned merger will result in a stronger financial profile for the combined company, empowering it to accelerate investments in innovation and growth and compete even more aggressively in the airline space.

Here's What Spirit And Frontier Are Telling Customers About Their Planned Airline Merger

The combined airline resulting from a merger of Frontier and Spirit will still likely offer low fares, as well as more destination options, experts say.

The merger of the 2 largest US low-cost airlines could mean more options for low fares for customers

There's a new top-five airline on the drawing board.

Frontier Is Buying Spirit -- Should You Buy Frontier?

Wall Street sees mostly clear skies ahead for the potential merger of Frontier Group Holdings Inc. and Spirit Airlines Inc., with some regulatory hurdles in a business combination that would solve some staffing issues for the carriers and create the U.S.'s largest ultra low-cost airline.

Frontier, Spirit merger to create U.S.'s largest ultra low-cost airline

As of midday, Frontier had restored a handful of flights, including Detroit to Las Vegas, St. Louis to Cancun, and Las Vegas to Dallas-Fort Worth.

Frontier grounded all flights due to a technical issue just minutes after announcing a groundbreaking merger with Spirit

The merger of two budget airlines should not hurt travelers' budgets, industry experts say. In fact, it may ultimately have the opposite effect.

‘We could see cheaper flights across the board': Frontier and Spirit merging could help cost-conscious flyers — with one big caveat

Spirit Airlines Inc. ( SAVE , Financial) and Frontier Group Holdings Inc. ( ULCC , Financial), the parent company of Frontier Airlines, announced early Monday that they have entered into a definitive merger agreement under which the companies will combine, creating America's “most competitive ultra-low fare airline.”

Frontier and Spirit Airlines Are Merging

Energizer Holdings

Hasbro

Should investors be picking these consumer discretionary names over the competition now?

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Spirit Airlines Inc. SAVE shares are pushing higher after the company announced a merger agreement Monday with Frontier Group Holdings Inc ULCC. The company also reported better-than-expected fourth-quarter EPS and sales results.

Spirit Airlines Flies Higher After Merger Announcement: What's Next?

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Spirit Airlines, Inc. (NYSE: SAVE) to Frontier Group Holdings, Inc. for 1.9126 shares of Frontier plus $2.13 in cash for each Spirit share is fair to Spirit shareholders. Halper Sadeh encourages Spirit shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halper

SAVE Stock Alert: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Spirit Airlines, Inc. Is Fair to Shareholders

Frontier and Spirit to merge to create the fifth-largest US airline

Spirit Airlines (SAVE) stock is on the move after announcing plans for a merger with Frontier Airlines' parent company Frontier Group (ULCC). The post Spirit Frontier Merger: 13 Things for SAVE Investors to Know as Shares Fly appeared first on InvestorPlace.

News for Spirit Airlines Stock (SAVE)