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.

Shares of Spirit Airlines Inc. SAVE fell 2% in premarket trading Thursday, after the discount air carrier reported a wider-than-expected loss and detailed some cost cutting measures including pilot furloughs. Net losses widened to $192.9 million, or $1.76 a share, from $2.3 million, or 2 cents a share, in the year-ago period.

Spirit Airlines' stock falls after disappointing earnings, plans to cut jobs

Ended the Second Quarter 2024 with $1.14 Billion of Liquidity DANIA BEACH, Fla., Aug. 1, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported second quarter 2024 financial results.

Spirit Airlines Reports Second Quarter 2024 Results

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Demand for high-end travel is booming, and U.S. carriers are in a rush to seize on it.

US airlines jump on the premium-seat bandwagon

Spirit Airlines (NYSE: SAVE ) is changing up its pricing options to offer more perks to customers who choose to pay more for their seats. The airline company is introducing four seat options for its customers.

Spirit Airlines Changes: Get Ready for Higher Fares, More In-Flight Perks

Spirit Airlines announced a complete overhaul of its ticket offerings targeting premium customers. The airline also introduced priority check-in and boarding for premium and frequent fliers.

Spirit Airlines is making big changes to how it sells tickets

Spirit will begin offering new travel options ranging from premium to basic economy for bookings on Aug. 16 and launch the new options by Aug. 27.

Spirit soars after unveiling premium seating plan, joining rival Southwest

Spirit Airlines, known for its discount fares and fees for add-ons like cabin baggage, is introducing new classes of service next month. The carrier plans to bundle services like Wi-Fi, cabin baggage, snacks and drinks for its highest classes.

Budget airline Spirit is trying to go upmarket with snacks, Wi-Fi and checked bags included

Low-fare travel leader changes the game again with the announcement of new premium offerings starting August 2024 DANIA BEACH, Fla., July 30, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is redefining low-fare travel with new, high-value options that empower travelers to choose an elevated Guest experience at an affordable price.

Go Big or Go Comfy: Spirit Airlines to Offer Unmatched Value with New Travel Options and Transformed Guest Experience

TripAdvisor

Traveling has long been many people's favorite way to spend their leisure time. Whether going to popular tourist destinations with friends or visiting loved ones across the country, traveling is many people's favorite thing to look toward during a summer vacation.

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Spirit Airlines continues to have trouble growing revenue, but its peers don't have similar issues. The company's massive debt burden and consistent operating losses introduce tremendous financial risk.

Is Spirit Airlines Stock a Buy?

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.

Analysts Estimate Spirit (SAVE) to Report a Decline in Earnings: What to Look Out for

Spirit Airlines fell further due to a reduction in second-quarter guidance. The stock is teetering due to huge cash burn and worsening profit numbers.

Spirit Airlines Has Fallen 82% This Year: Should You Buy the Dip for the Second Half of 2024?

Spirit Airlines released weak preliminary Q2 2024 numbers due to a domestic yield dip from overcapacity. The airline industry has already solved the issue by adjusting capacity to match record passenger travel, with a fare turnaround expected in the next 30 days. The stock faces slight bankruptcy risk, but the potential is to return to much higher prices achieved prior to the JetBlue deal.

Spirit Airlines: Overstated Fears

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Undercovered Dozen: Spirit Airlines, HubSpot, Cigna, First Quantum Minerals +

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United Airlines, Alaska Air, Spirit Airlines, Delta Air and American Airlines are included in this Analyst Blog.

The Zacks Analyst Blog United Airlines, Alaska Air, Spirit Airlines, Delta Air and American Airlines

Spirit Airlines is facing financial troubles, with shares down 50.9% since the failed merger with JetBlue Airways. The company's revenue is growing, but profits and cash flows are suffering, with net losses increasing each year. Management expects weakness to continue, with debt growing and a negative adjusted operating margin anticipated for the second quarter of this year.

Spirit Airlines Is Facing A Crisis (Rating Downgrade)

Spirit lowered its outlook for the recently completed second quarter. The stock was also downgraded to a sell due to bankruptcy concerns.

Why Spirit Airlines Stock Is Descending Today

Shares of Spirit Airlines (SAVE) fell to an all-time low Wednesday, a day after the discount carrier warned that its second-quarter loss and revenue would be worse than it had previously expected because non-ticket income came up short.

Spirit Airlines Warns About Loss and Revenue; Stock Sinks To All-Time Low

Spirit Airlines lowered its revenue estimate, citing a decline in non-ticket revenue. That refers to things like bag fees and picking your own seat, which can cost hundreds of dollars.

Spirit passengers are getting fed up of the ultra-low-cost airline's extra fees

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U.S. stock futures were lower this morning, with the Nasdaq futures falling around 300 points on Wednesday.

ASML Reports Q2 Results, Joins Spirit Airlines And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Spirit Airlines Inc. late Tuesday lowered revenue estimates for its second quarter, saying it faced more competition, and as a mismatch between domestic capacity and demand continues to plague U.S. airlines, particularly ultra low-cost, leisure travel-focused airlines such as Spirit.

Spirit Airlines lowers revenue estimates as it faces more competition, capacity challenges

Spirit Airlines said Tuesday it would post a deeper-than-expected loss for the last quarter because of revenue that came in short of its expectations. In this article SAVE

Spirit Airlines forecasts bigger quarterly loss as revenue falls short of expectations

Spirit Airlines on Tuesday said revenue for the second quarter is estimated to be around $1.28 billion, lower than previously projected, citing lower-than-expected non-ticket revenue.

Spirit Airlines expects Q2 revenue of $1.28 bln, lower than previously projected

DANIA BEACH, Fla., July 16, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) announced today that its Board of Directors has appointed Richard F.

Spirit Airlines Announces New Appointment to Board of Directors

LAX travelers can take advantage of $25 one-way fares in honor of Spirit's milestone anniversary Photos and video available  HERE DANIA BEACH, Fla., July 12, 2024 /PRNewswire/ -- Today marks Spirit Airlines' (NYSE: SAVE) 25th anniversary of providing high-value service to Los Angeles International Airport (LAX) travelers.

News for Spirit Airlines Stock (SAVE)