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

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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.

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Warren Buffett once said that a durable competitive advantage has proven to be elusive in the airline industry. Spirit's shares currently appear to be undervalued, and the company's structural cost advantages could be both significant and durable.

Spirit Airlines Offers Cheap Airplane Tickets Along With A Cheap Share Price

MIRAMAR, Fla., Sept.  24, 2019  (GLOBE NEWSWIRE) --  Spirit Airlines  (NYSE: SAVE) announced today that its Board of Directors had appointed Christine P. Richards and Mark B. Dunkerley as its newest members, effective September 23, 2019. The Board also announced it had been informed by Robert L. Fornaro of his decision to step down from the Board, also effective September 23, 2019.

Spirit Airlines Announces New Appointments to Board of Directors

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Embattled airlines American Airlines and Spirit Airlines received more analyst downgrades on Monday. Yet analysts seem to be underestimating one of the two carriers.

Did Spirit Airlines and American Airlines Deserve Monday's Analyst Downgrades?

South Florida’s Hometown Airline to fly four Honor Flights from Fort Lauderdale-Hollywood International Airport to nation’s capital through 2020 South Florida’s Hometown Airline to fly four Honor Flights from Fort Lauderdale-Hollywood International Airport to nation’s capital through 2020

Honoring Local Heroes: Spirit Airlines Joins Honor Flight South Florida as 2020 Official Airline Partner

Rising non-fuel unit costs and weak unit revenue trends plague Spirit (SAVE).

Spirit (SAVE) Shares Sink 34% YTD: What's Pulling It Down?

The famously frugal budget airline has found a way to give customers a little more legroom while still squeezing lots of seats onto each of its planes.

Spirit Airlines Unveils (Somewhat) Better Seats

A federal appeals court revived a lawsuit by Spirit Airlines passengers who said the low-cost carrier blindsided them by imposing unexpected carry-on bag fees on tickets bought through Cheapoair, Expedia, Priceline and Travelocity.

Spirit Airlines must face lawsuit over 'gotcha' carry-on bag fees

A federal appeals court revived a lawsuit by Spirit Airlines  passengers who said the low-cost carrier blindsided them by imposing unexpected carry-on bag fees on tickets bought through Cheapoair, Expedia, Priceline and Travelocity.

Spirit Airlines must face lawsuit over 'gotcha' carry-on bag fees: court

Ditch the Pitch: Experts Say Pitch is an Inadequate Measurement of Guest Comfort and an Outdated Reference as Seat Innovation Becomes More Advanced Ditch the Pitch: Experts Say Pitch is an Inadequate Measurement of Guest Comfort and an Outdated Reference as Seat Innovation Becomes More Advanced

Spirit Airlines Unveils New, Ergonomically-Designed Seats to Maximize Usable Legroom

Spirit Airlines  on Friday cut its third-quarter outlook for a key revenue measure as it estimates an about $25 million hit on its sales, hurt by hundreds of flights cancellations due to Hurricane Dorian.

Spirit Airlines sales to take $25 million hit from Hurricane Dorian

Discount carrier Spirit Airlines is rolling out booking services via WhatsApp text message, allowing travelers to buy flights and change reservations with almost as much ease and informality as organizing happy hour drinks.

How much 2 fly 2 Orlando: Spirit Airlines wants travelers to book flights via text message

Spirit Airlines , a fast-growing, low-cost U.S. carrier that flies an all-Airbus SE  fleet, is looking at both the Airbus A321neo and a larger Boeing Co  aircraft to fuel its growth, Chief Executive and President Ted Christie said on Monday.

Spirit Airlines looking at A321neo and 'larger' Boeing plane for growth: CEO

Spirit Airlines Debuts WhatsApp for Seamless Communication with Guests

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

Spirit (SAVE) Down 7.6% Since Last Earnings Report: Can It Rebound?

Spirit presents an attractive valuation after post-earnings free fall.

Spirit: A Deep Value Airline Play With 70% Upside

Trade war fears have pushed Spirit Airlines stock down to a new 52-week low, but this has only made the stock an even more compelling bargain for patient investors.

Spirit Airlines Stock Is Now Cheaper Than Ever

Higher-than-expected third-quarter costs took the lift out of Spirit shares.

Why Shares of Spirit Airlines Dropped 11% in July

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Spirit Airlines cratered 25% following earnings but is looking cheap at just 7x forward earnings.

Spirit Airlines Is A Near A Buy, If The 'Fit Fleet' Can Create Significant Operating Leverage

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The post 7 Recession-Proof Stocks to Buy as the Boom Ends appeared first on InvestorPlace.

7 Recession-Proof Stocks to Buy as the Boom Ends

President and CEO of Spirit Airlines Inc (30-Year Financial, Insider Trades) Edward M Christie Iii (insider trades) bought 2,375 shares of SAVE on 07/30/2019 at an average price of $41.93 a share.

Spirit Airlines Inc (SAVE) President and CEO Edward M Christie Iii Bought $99,584 of Shares

Spirit Airlines fell 24% following disappointing Q3 cost guidance.

Spirit Airlines: Elevator Back Up

As predicted, Spirit Airlines was overpriced and ready for a fall.

Spirit Airlines Crashes, We Profit With 100% Gain

The budget carrier released disappointing guidance for the third quarter, causing Spirit Airlines stock to crash. But business trends should improve dramatically in 2020.

Spirit Airlines Stock Crashes 24%, but Investors Are Missing the Point

Spirit Airlines had a tough post-earnings reaction as industry-wide experts weighed in on their warnings on higher costs.

News for Spirit Airlines Stock (SAVE)