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.

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MIRAMAR, Fla., April 27, 2021 /PRNewswire/ -- Spirit Airlines, Inc. (NYSE: SAVE) ("Spirit") today announced that it has commenced an underwritten public offering of $440,000,000 aggregate principal amount of convertible senior notes due 2026 (the "Convertible Notes" and such offering, the "Convertible Notes Offering").

Spirit Airlines Announces Offering of Convertible Senior Notes Due 2026

With its strong liquidity and low-cost structure as its key strengths, this airline has the potential to further expand its market share in the coming years. Given its strong short-term and long-term prospects, SAVE stock (at today's prices) remains a solid buying opportunity.

Buy Spirit Airlines Stock as Air Travel Makes a Comeback

Spirit Airlines, Inc. (SAVE) CEO Ted Christie on Q1 2021 Results - Earnings Call Transcript

Coronavirus-induced low passenger revenues hurt Spirit Airlines' (SAVE) Q1 results.

Spirit Airlines (SAVE) Posts Narrower-Than-Expected Q1 Loss

The budget airline reported weak results for the first quarter but is poised for a rapid earnings recovery starting this quarter.

Spirit Airlines' Recovery Is Gaining Traction

Shares of Spirit Airlines (NYSE:SAVE) moved higher in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share decreased 188.37% over the past year to ($2.48), which beat the estimate of ($2.54).

Spirit Airlines: Q1 Earnings Insights

MIRAMAR, Fla., April 21, 2021 /PRNewswire/ -- Spirit Airlines, Inc. (NYSE: SAVE) today reported first quarter 2021 financial results.

Spirit Airlines Reports First Quarter 2021 Results

The shares of Spirit Airlines Incorporated (NYSE: SAVE) have received a price target increase from $35 to $50 by Barclays. These are the details.

SAVE Stock: $50 Target (Up From $35) By Barclays

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JP Morgan analyst Jamie Baker recently upgraded JetBlue Airways Corporation (NASDAQ: JBLU) and Spirit Airlines Incorporated (NYSE: SAVE) from Underweight to Overweight.  Related Link: COVID-19 To Have 'No Permanent Negative Margin Impact' On US Airlines: JPMorgan

JPMorgan Analyst Rules Out Long-Term Negative Impact Of COVID-19 On The Airline Industry

The stock gets a double upgrade from one Wall Street bank.

Why Spirit Airlines Stock Is Flying Higher Today

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Southwest Airlines Co (NYSE: LUV) shares are trading higher by 1% in Wednesday's pre-market session after JPMorgan upgraded the stock from Underperform to Neutral and raised its price target from $44 to $66 per share. Spirit Airlines Incorporated (NYSE: SAVE) shares are trading higher by 2.4% after JPMorgan upgraded the stock from Underweight to Overweight and raised its price target from $31 to $54.

Here's Why Southwest Airlines, Spirit Airlines, JetBlue, DraftKings And Moderna Are Moving

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Airlines including United, JetBlue and Spirit have started or plan to resume hiring pilots.

As Americans start traveling again, airlines revive pilot hiring plans

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The current uptick in leisure air-travel demand in the United States prompts carriers like Delta (DAL), Southwest Airlines (LUV) and United Airlines (UAL) to announce route extension plans for the impending summer.

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Spirit Airlines (SAVE) to increase flight offerings out of Los Angeles International Airport by introducing international service for the first time.

Spirit Airlines (SAVE) to Begin Los Angeles-Mexico Flights

LOS ANGELES, March 31, 2021 /PRNewswire/ -- Clear skies full of bright yellow are ahead for the Los Angeles basin all the way down to the tip of Baja Mexico. Today Spirit Airlines (NYSE: SAVE) announced plans to expand internationally from Los Angeles International Airport (LAX) after two decades of providing high value and low fares domestically.

Spirit Airlines Flexes its Wings over Los Angeles, Expands into International Service and adds new domestic routes

MIRAMAR, Fla., March 31, 2021 /PRNewswire/ -- The brightest planes in the sky will continue to soar over Mexico, this time touching down at a new destination!

Spirit Airlines to Add Third Vacation Destination in Mexico with Nonstop Flights to Puerto Vallarta Starting in July

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A recovery in leisure travel is "in full swing" and airline bookings are improving, analysts at Bank of America say, raising their expectations for share prices for a few of the U.S. air carriers such as Southwest and Delta.

Leisure travel recovery ‘in full swing,' helping airlines

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What Pandemic? Airlines Announce Scores Of New Routes, Expanded Service

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Best Airline Stocks to Buy as the Industry Takes Off Again

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The US airline industry hit a dubious milestone this week: For the first time since the pandemic began, air travel is up from a year ago.

News for Spirit Airlines Stock (SAVE)