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.

Frontier and Spirit plan to join forces to create a discount powerhouse.

Why Spirit Airlines Shares Are Flying High Today

MILWAUKEE, Feb. 7, 2022 /PRNewswire/ -- Ademi LLP is investigating Spirit (NYSE: SAVE) for possible breaches of fiduciary duty and other violations of law in its transaction with Frontier.  Click here to learn how to join the action: https://www.ademilaw.com/case/spirit-airlines-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Spirit Airlines, Inc. has obtained a Fair Price in its transaction with Frontier

Frontier Group Holdings

Frontier Airlines is buying its rival low-cost carrier Spirit for $2.9 billion in cash and stock as part of a deal that will create the fifth-largest US airline. The merged airline will offer more than 1,000 daily flights to over 145 destinations in 19 countries.

Spirit, Frontier merging to create 5th-largest US airline in $6.6B deal

Frontier agrees to buy Spirit Airlines, creating a combined ultra-low-fare airline to rival America's largest airlines.

Frontier to Buy Spirit Airlines in Deal Valued at $6.6 Billion. Why It Makes Sense.

Shares of Spirit Airlines Inc (NYSE: SAVE) are up more than 10% on Monday after Frontier Group Holdings Inc (NASDAQ: ULCC) said it will buy the Florida-based ultra-low-cost air carrier for $2.9 billion in cash and stock. Spirit shareholders to get a 19% premium The deal offers $2.13 in cash to Spirit shareholders on top […] The post Frontier to buy Spirit Airlines: ‘everybody wins through this transaction' appeared first on Invezz.

Frontier to buy Spirit Airlines: ‘everybody wins through this transaction'

The shares of Spirit Airlines Incorporated   ( NYSE:SAVE) are surging this morning, last seen up 15.9% to trade at $25.18, following news that the low-cost carrier is set to purchase competitor Frontier Airlines, which is owned by Frontier Group (ULCC).

Options Bulls Blast Soaring Airline Stock After Merger News

By merging, Frontier and Spirit Airlines said they "expect to deliver $1 billion in annual consumer savings" and expanded flight options.

Budget airlines Frontier and Spirit to merge in $6.6 billion deal that could create the US' 5th largest airline

Spirit Airlines Inc  SAVE reported fourth-quarter operating revenue growth of 98.1% year-over-year to $987.56 million, and +1.8% compared to 4Q19, beating the consensus of $963.15 million. Operating expenses increased 59.3% Y/Y and 24.1% compared to 4Q19 to $1.05 billion.

Spirit Airlines Q4 Results Top Street View

The merger between the budget airlines will create the fifth-largest airline in the U.S.

Frontier Agrees To Buy Spirit Airlines In $6.6 Billion Deal

Spirit Airlines Inc (NYSE: SAVE) and Frontier Group Holdings Inc (NASDAQ: ULCC), the parent company of Frontier Airlines, Inc., have agreed to combine, creating a competitive ultra-low fare airline. The transaction implies a value of $25.83 per Spirit share, representing a premium of 19% over the February 4, 2022 closing price of Spirit.

Frontier, Spirit Airlines Agree To Merge In $6.6B Deal

Frontier and Spirit Airlines are upping the ante in the competitive world of discount flying with a $3 billion combination.

Frontier is buying Spirit Airlines in $3B deal

Spirit Airlines, Inc. (NYSE: SAVE) and Frontier Group Holdings, Inc. (NASDAQ: ULCC) announced a merger agreement today. These are the details.

Why Spirit Airlines (SAVE) And Frontier Group (ULCC) Are Merging

Frontier agrees to buy Spirit Airlines, creating a combined ultra-low-fare airline to the rival America's largest airlines.

Frontier to Buy Spirit Airlines in Deal Valued at $6.6 Billion

Frontier Airlines and Spirit Airlines have agreed to merge, creating what would become the fifth largest airline in the country.

Frontier and Spirit to merge creating 5th largest airline in U.S.

U.S. low-cost carriers Spirit Airlines and Frontier Group Holdings announced a merger agreement on Monday in a deal that values Spirit at a fully diluted equity value of $2.9 billion.

Spirit Airlines, Frontier to merge in $2.9 billion deal

Spirit Airlines Inc. SAVE, +0.18% and Frontier Group Holdings Inc. ULCC, -1.43% said Monday they have agreed to merge in a cash-and-stock deal valued at $6.6 billion including net debt and operating lease liabilities. Under the terms of the deal, Spirit shareholders will receive 1.9126 Frontier shares plus $2.13 in cash for each share owned, equal to a value of $25.83 per Spirit share at Frontier's closing stock price on Friday.

Spirit Airlines and Frontier Group to merge in stock-and-cash deal valued at $6.6 billion

MIRAMAR, Fla., Feb. 7, 2022 /PRNewswire/ -- Spirit Airlines, Inc. (NYSE: SAVE) today reported fourth quarter and full year 2021 financial results.

Spirit Airlines Reports Fourth Quarter and Full Year 2021 Results

Highly Complementary Networks to Serve Over 145 Destinations Across the United States, Latin America and the Caribbean

Frontier Airlines and Spirit Airlines to Combine, Creating America's Most Competitive Ultra-Low Fare Airline

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 Earnings Next Week? What You Should Know

MIRAMAR, Fla., Jan. 25, 2022 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) will soar above the scenic vistas of Utah for the first time this spring.

Spirit® Airlines Kicks Off 2022 with a Salt Lake City Debut

MIRAMAR, Fla., Jan. 17, 2022 /PRNewswire/ --  Spirit Airlines  (NYSE: SAVE) today announced the appointment of Linde Grindle to the position of Chief Human Resources Officer (CHRO).

Spirit Airlines Appoints Linde Grindle as Chief Human Resources Officer

American Airlines

Delta Air Lines

United Continental Hlds

Upbeat passenger traffic during the holidays is likely to have buoyed the Q4 performance of United Airlines (UAL), American Airlines (AAL) and Spirit Airlines (SAVE).

Airline Stocks Fly High in Thursday's Trading: Here's Why

Carnival

Norwegian Cruise Line

The CDC's Conditional Sail Order is sailing softly into the night.

Why Carnival, Norwegian Cruise, and Spirit Airlines Stocks Popped Today

Southwest Airlines

Susquehanna analyst Christopher Stathoulopoulos downgraded Spirit Airlines Inc (NYSE:SAVE) to Neutral from Positive and lowered the price target to $25 (an upside of 5%) from $31. The analyst believes Spirit is facing "larger cost headwinds relative to peers.

Susquehanna Downgrades Spirit Airlines, Southwest; Upgrades Delta Air Lines

Azul

One Wall Street analyst believes investor sentiment is set to improve.

News for Spirit Airlines Stock (SAVE)