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.

Spirit Airlines (SAVE) shares are tumbling 40% in premarket trading Friday as the carrier reportedly is exploring a bankruptcy filing in the wake of its failed $3.8 billion merger with rival JetBlue Airways (JBLU).

Spirit Airlines Stock Plunges on Report of Potential Bankruptcy Filing

The low-cost carrier is having a nightmarish 2024, with its shares down 86% even before Thursday's news.

Spirit Airlines Stock Tumbles 35% Amid Bankruptcy Report. Why It's in This Mess.

Spirit Airlines is reportedly in talks with bondholders about a potential Chapter 11 bankruptcy filing. US news outlets say the budget carrier is also considering an out-of-court restructuring but is primarily focused on reaching agreements with creditors.

Spirit Airlines reportedly in Chapter 11 talks

Spirit Airlines (SAVE, Financial), a low-cost carrier, saw its stock price dive to an all-time low in after-hours trading. This decline followed reports that the airline is negotiating with bondholders over potential bankruptcy filing terms.

Spirit Airlines (SAVE) Stock Plummets Amid Bankruptcy Discussions

The Wall Street Journal reported the budget carrier is in talks with bondholdersand other creditors to support a Chapter 11 filing.

Spirit Airlines shares rocked by possible bankruptcy filing months after failed JetBlue deal

Shares of ultra-discount carrier Spirit Airlines Inc. sank after hours on Thursday after the Wall Street Journal reported that the airline is talking over the conditions of a possible bankruptcy filing.

Spirit Airlines reportedly in talks over potential bankruptcy-filing terms

Spirit Airlines is in talks with bondholders over the terms of a potential bankruptcy filing in the wake of its failed merger with JetBlue Airways , the Wall Street Journal reported on Thursday, sending its shares down 30% in extended trading.

Spirit Airlines shares slide after report of possible bankruptcy filing

Images of the special-edition PiNK Uniform Collection are available for download  here DANIA BEACH, Fla., Oct. 1, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is turning the skies pink this October with the debut of its special-edition uniform collection in support of Breast Cancer Awareness Month.

Spirit Airlines Unveils its First-Ever PiNK Uniform Collection in Honor of Breast Cancer Awareness Month

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Stocks trading near multiyear lows tend to be high-risk, high-reward investments. Investors should be careful not to assume that a falling stock can't fall further in value.

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JetBlue Airways

Frontier Group Holdings

JetBlue, Spirit and Frontier have said they will defer deliveries of dozens of new Airbus planes.   Those deferrals come as many airlines are still short on deliveries of fuel-efficient jets and demand for new planes is strong.

Where are low-cost airlines cutting back now? New planes

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Spirit Airlines, Inc. shares have dropped over 82% since the failed JetBlue merger, raising concerns about their financial health and future viability as a standalone airline. Despite financial struggles, Spirit's undervalued assets and recent regulatory shifts suggest potential for acquisition, making it a high-risk, high-reward investment opportunity. The DOJ's approval of the Alaska-Hawaiian merger indicates a possible regulatory shift, which could favor Spirit in finding a suitable acquirer.

Spirit Airlines: Hawaiian Airlines Merger Is A Silver Lining

Travelers can enter for a chance to win a pair of round-trip flights with the perks of the new Go Big or Go Comfy experience at spirit.com/flyaway DANIA BEACH, Fla., Aug. 27, 2024 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) newly enhanced Guest experience officially launches today, and the airline is celebrating by inviting travelers to enter for a chance to win big and Go Big or Go Comfy with its new "More Fly Fly-Away.

Spirit Airlines Celebrates Launch of Newly Transformed Guest Experience with 'More Fly' Giveaway

Spirit Airlines (SAVE) rides high on its robust cost-cutting initiatives. Its expansion plans are commendable.

Here's Why You Should Retain Spirit Airlines (SAVE) Stock Now

'Just Go' travel options offer exceptional value and are available for booking now at spirit.com Images of refreshed brand available here DANIA BEACH, Fla., Aug. 14, 2024 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) four new travel options are officially taking off today, giving travelers access to book the airline's transformed Guest experience and new premium offerings for the first time.

Say 'Yellow' to Spirit Airlines' New Travel Options and Reimagined Look

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In some cases, a market downturn is an invitation to acquire shares of compelling enterprises at a deep discount. It's akin to buying winter jackets in the summer at bargain rates.

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Spirit Airlines stock collapsed after its proposed merger with JetBlue Airways was denied. The company's margins are going down as customers lose interest in its cheap flights.

Prediction: Here's Why Spirit Airlines Stock Will Keep Heading Lower

Passenger revenues decrease 11.1% year over year at Spirit Airlines (SAVE) in Q2.

Spirit Airlines (SAVE) Q2 Loss Wider Than Expected, Sales Lag

Shares of Spirit Airlines (SAVE) fell further Friday, a day after the budget airline said it would furlough about 240 pilots and reported a wider-than-forecast quarterly loss.

Spirit Airlines Stock Falls Amid Plan To Furlough Pilots

Spirit Airlines (NYSE: SAVE ) layoffs are a hot topic on Friday as the budget airline is furloughing pilots over engine problems. Spirit Airlines is dealing with engine troubles for some of its flights and it isn't the only airline with these issues.

Spirit Airlines Layoffs 2024: What to Know About the Latest Pilot Job Cuts

Wall Street rushed to lower their second-quarter estimates in July, sending Spirit shares lower. The airline confirmed those fears mid-month when it updated its quarterly guidance.

Why Spirit Airlines Stock Flew South in July

The affordable airline reported disappointing earnings the day after it announced plans to introduce premium tickets.

Spirit Airlines blames steep losses on ‘intense' competition for budget passengers

Spirit Airlines, Inc. (NYSE:SAVE ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants DeAnne Gabel - Senior Director of Investor Relations Edward Christie - President and Chief Executive Officer Matthew Klein - Chief Commercial Officer Fred Cromer - Executive Vice President and Chief Financial Officer Rana Ghosh - Chief Transformation Officer Conference Call Participants Andrew Didora - Bank of America Merrill Lynch Michael Linenberg - Deutsche Bank Daniel McKenzie - Seaport Global Securities LLC Jake Gunning - Evercore ISI Jamie Baker - JPMorgan Savanthi Syth - Raymond James & Associates Conor Cunningham - Melius Research Stephen Trent - Citigroup Thomas Fitzgerald - TD Cowen Ryan Capozzi - Wolfe Research Operator Thank you for standing by. At this time, I would like to welcome everyone to the Spirit Airlines Second Quarter Earnings Conference Call.

Spirit Airlines, Inc. (SAVE) Q2 2024 Earnings Call Transcript

The headline numbers for Spirit (SAVE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Spirit (SAVE) Reports Q2 Earnings: What Key Metrics Have to Say

Spirit (SAVE) came out with a quarterly loss of $1.44 per share versus the Zacks Consensus Estimate of a loss of $1.30. This compares to earnings of $0.29 per share a year ago.

Spirit (SAVE) Reports Q2 Loss, Lags Revenue Estimates

Spirit Airlines on Thursday warned of a steeper loss in the current quarter, citing an "intense competitive battle" for the price-sensitive leisure travelers as well as an oversupply of airline seats in the domestic market.

News for Spirit Airlines Stock (SAVE)