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

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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.

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Spirit Airlines bolstered its cash position, likely delaying bankruptcy. Spirit Airlines stock soared Friday night.

Spirit Airlines Skyrockets On Cash Boost; Rivals Fall

Spirit Airlines is facing an Oct. 21 deadline with its credit card processor to renegotiate more than $1 billion in debt. Spirit shares are down more than 90% so far this year.

Spirit Airlines shares hit record low as Monday debt refinancing deadline looms

Spirit (SAVE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Spirit (SAVE) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Frankie Muniz travels comfy with Spirit's blocked middle seat Spirit giving away 10 pairs of Go Comfy tickets in #NotInTheMiddle social media giveaway DANIA BEACH, Fla., Oct. 17, 2024 /PRNewswire/ --  Spirit Airlines ' (NYSE: SAVE) newest ad takes flight with actor Frankie Muniz, best known for his iconic role as the middle child in a beloved sitcom that aired in the early 2000s.

Spirit Airlines Brings on Frankie Muniz to Promote its new #NotInTheMiddle 'Go Comfy' Travel Option

Spirit Airlines Inc SAVE is facing turbulent skies ahead. While the broader airline industry is flying high, Spirit's financial woes are pushing it toward a potential bankruptcy.

Spirit Airlines Struggles To Regain Altitude As Competitors Soar, Bankruptcy Concerns Intensify

The heavy selling pressure might have exhausted for Spirit (SAVE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -36.33% in 4 Weeks, Here's Why You Should You Buy the Dip in Spirit (SAVE)

Travelers can enjoy limited-time fares starting at $49 one-way and a Free Spirit® bonus points promotion DANIA BEACH, Fla., Oct. 15, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating its new Alabama service today, following the Oct. 10 launch of its daily, nonstop service from Birmingham-Shuttlesworth International Airport (BHM) to Fort Lauderdale-Hollywood International Airport (FLL).

Spirit Airlines Launches its Inaugural Alabama Service and Birmingham's Only Nonstop Flight to Fort Lauderdale

Spirit Airlines shares have plummeted 24.90% since August, with bankruptcy rumors looming, making the stock extremely high risk but potentially undervalued. The airline faces an October 21 deadline to refinance or extend notes, which could determine its bankruptcy fate and shareholder value. Despite ongoing losses, Spirit's valuable assets and potential for a turnaround make shares a contrarian buy with significant upside if refinancing occurs.

Spirit Airlines: The Bankruptcy Silver Lining

Spirit Airlines (SAVE) stock has been one of the worst performers in Wall Street in the last few years. It has suffered a harsh reversal, falling in the last five consecutive months, and reaching its all-time low of $1.85.

Spirit Airlines stock has imploded: can SAVE be saved?

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Deep-value investors might have this business on their watch lists.

Down 97%, Is It Time to Buy Spirit Airlines Stock?

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Stocks were choppy Thursday as investors took in a higher-than-expected rise in jobless claims and strong growth in the services sector.

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Spirit Airlines is facing an Oct. 21 deadline to refinance debt that's due next year. The airline is reportedly considering filing for Chapter 11 bankruptcy protection.

Spirit tumbles to record low on report it's exploring a bankruptcy filing. Here's how it got here

Shares of Spirit Airlines (NYSE: SAVE) are crashing in premarket trading as of the time of this writing. The stock is down nearly 40% to just $1.36 per share.

Spirit Airlines stock price takes a nosedive after report of possible bankruptcy. What's happening with the low-cost airline?

Spirit Airlines is one of the worst stocks Friday as reports swirl that the discount airline could file for bankruptcy.

Spirit Airlines Stock Plunges on Bankruptcy Buzz: What to Know

Spirit Airlines (SAVE, Financial) experienced a significant drop in its stock price, initially plunging over 37% to $1.40, marking the largest decline since January and reaching a record low. The decline later narrowed to 27%.

Spirit Airlines (SAVE) Plummets Amid Bankruptcy Concerns

The potential bankruptcy filing comes after Spirit's failed $3.8 billion merger with JetBlue Airways. The transaction was scrapped due to regulatory challenges.

Spirit Airlines stock plummets on report of potential bankruptcy filing

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Friday.

Crude Oil Gains 1%; Spirit Airlines Shares Plunge

Shares of Frontier Group Holdings (ULCC) and JetBlue Airways (JBLU) took off Friday on a report that discount airline rival Spirit Airlines (SAVE) is considering a bankruptcy filing. Spirit shares plunged 25% soon after markets opened.

Frontier, JetBlue Stocks Soar on Report of Spirit Airlines Bankruptcy Talks

Shares of Spirit Airlines fell by over 30% on Friday, pacing the company's worst loss since a merger with JetBlue Airways was blocked earlier this year, after reports indicated the low-cost airline was exploring bankruptcy.

Spirit Airlines Shares Plunge 30% As Airline Reportedly Explores Bankruptcy

Spirit Airlines Inc (NYSE: SAVE) has become a nightmare from which investors cannot seem to awaken. Shares of the ultra-low-cost airline tanked another 40% this morning on reports that it is considering filing for bankruptcy.

Spirit Airlines (SAVE) stock falls another 40%: what led to this decline?

Spirit Airlines may file for Chapter 11 amid major debts after a failed merger with JetBlue. The airline is saddled with debt of about $3.3 billion.

Spirit Airlines stock plunges after report it's considering filing for Chapter 11 bankruptcy

Spirit Airlines is weighing Chapter 11 bankruptcy after its $3.8 billion merger with JetBlue fell through. Airline stocks active, Delta earnings due.

Spirit Airlines Explores Bankruptcy; JetBlue, Frontier Rally

24/7 Wall St. Insights Spirit Airlines Inc. (NYSE: SAVE) reportedly may go bankrupt.

News for Spirit Airlines Stock (SAVE)