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.

The budget carrier's profit margin is still falling, but the margin pressure is starting to fade.

Spirit Airlines Is on Track for Another Better-Than-Feared Quarter

Spirit Airlines (SAVE) projects fourth-quarter 2019 unit revenues to reflect a 3.6% year-over-year decline.

Spirit Airlines (SAVE) Stock Nears 6-Month High: Here's Why

Spirit Airlines NYSE: SAVE – Citigroup and Buckingham raise their price targets – technicals suggest that the stock is forming an important base Citigroup and Buckingham Research both increased their price targets on Spirit Airlines (SAVE) while maintaining a buy rating on the stock. Citigroup raised their price target from $46 to $48.

Spirit Airlines Stock (SAVE) Higher on ‘Buy’ Ratings, Technical Outlook

Spirit Airlines (SAVE) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.

Spirit Airlines (SAVE) Catches Eye: Stock Jumps 7.5%

Investors in Spirit Airlines Incorporated (NYSE: SAVE) are awaiting fourth-quarter results from the airline in early February.

5 Reasons To Invest In Spirit Airlines Stock

FORT LAUDERDALE, Fla., Jan.  16, 2020  (GLOBE NEWSWIRE) --  Spirit Airlines  (NYSE:SAVE) is spicing up the San Francisco Bay Area by flying more of the brightest planes in the sky into Oakland (OAK). America’s fastest-growing airline starts service to and from Fort Lauderdale (FLL) April 1, making Spirit the only airline flying OAK to FLL nonstop.

Spirit Airlines Gives San Francisco Bay Area MORE GO, Launches the Only Oakland-Fort Lauderdale Nonstop

New, time-saving check-in process to also be introduced across the larger stations in Spirit’s network New, time-saving check-in process to also be introduced across the larger stations in Spirit’s network

Spirit Airlines Speeds Up Trips at LaGuardia, Rolls Out First Automated Self-Bag Drop in Tri-State Area

Spirit Airlines' (SAVE) decision to fortify its footprint in Colombia is a prudent one as the place is an attractive tourist hub.

Spirit (SAVE) to Expand by Adding New Flights to Colombia

Spirit (SAVE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Spirit (SAVE) is Poised to Beat Earnings Estimates Again

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Spirit to serve more Colombian cities from U.S. than any other airline Spirit to serve more Colombian cities from U.S. than any other airline

More Go to Colombia! Spirit Airlines Adds Nonstops to Barranquilla and Bucaramanga

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Robust passenger revenues on the back of strong demand for air travel are aiding Spirit Airlines (SAVE) significantly.

Spirit Airlines a Must Add to Your Portfolio: Here's Why

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U.S. budget carrier Spirit Airlines Inc said on Monday it will buy 100 Airbus A320neo-family jets to be delivered through 2027, with options to purchase up to 50 more.

Spirit Airlines to buy 100 Airbus A320neo family aircraft.

U.S. budget carrier Spirit Airlines Inc  said on Monday it will buy 100 Airbus A320neo-family jets to be delivered through 2027, with options to purchase up to 50 additional aircraft.

Spirit Airlines to buy 100 Airbus A320neo family aircraft

MIRAMAR, Fla., Dec.  23, 2019  (GLOBE NEWSWIRE) --  Spirit Airlines , Inc. (NYSE: SAVE) announced today its Board of Directors has promoted Matt Klein to the position of Executive Vice President and Chief Commercial Officer (CCO). In this role, Klein will oversee Marketing, Pricing & Revenue Management, Network Planning & Scheduling, and Commercial & Operational Analytics. He joined Spirit in August 2016 as Senior Vice President and CCO.

Spirit Airlines Appoints Matt Klein as Executive Vice President & Chief Commercial Officer

Spirit Airlines' (SAVE) decision to fortify its footprint in San Juan is a prudent one as the place is an attractive tourist hub.

Spirit Buoys Connectivity With Additional Puerto Rico Flights

MIRAMAR, Fla., Dec.  19, 2019  (GLOBE NEWSWIRE) -- America’s fastest-growing airline continues to grow on the Island of Enchantment! Just in time for the holidays,  Spirit Airlines  (NYSE:SAVE) on Thursday expanded its service to San Juan's Luis Muñoz Marín International airport (SJU) with daily nonstop flights from Boston Logan International Airport (BOS) and Newark Liberty International Airport (EWR), with a second daily flight from EWR beginning Feb. 1, 2020.

Adventure Awaits: Spirit Airlines Expands Nonstop Service to San Juan, Puerto Rico

America’s fastest growing airline unveils updated cabin design with new ergonomically-enhanced seats, full-size tray tables and additional pre-recline America’s fastest growing airline unveils updated cabin design with new ergonomically-enhanced seats, full-size tray tables and additional pre-recline

Spirit Premieres Redesigned Cabin with More Comfortable, Spacious Seats

Spirit Airlines Stock Is A Steal At 8 Times Earnings

Is Spirit Airlines (SAVE) a great pick from the value investor's perspective right now? Read on to know more.

Is Spirit Airlines (SAVE) A Good Pick for Value Investors?

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America’s Fastest-Growing Airline honored as global low cost leader in strategy, innovation and excellence in aviation America’s Fastest-Growing Airline honored as global low cost leader in strategy, innovation and excellence in aviation

Spirit Airlines Wins Low Cost Airline of the Year at CAPA World Aviation Awards

Spirit (SAVE) reported earnings 30 days ago. What's next for the stock?

News for Spirit Airlines Stock (SAVE)