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 (NYSE: SAVE ) stock ended last week near record lows after JetBlue (NASDAQ: JBLU ) hinted that it may terminate its merger plans with the company. This comes after a federal court went against the merger and sided with the U.S. Department of Justice (DOJ), which had sued to block the $3.8 billion deal.

Will Spirit Airlines (SAVE) Stock Survive the Week?

Agrify

SES AI Corp

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Top 3 Industrial Stocks That May Rocket Higher This Quarter - Agrify (NASDAQ:AGFY), Spirit Airlines (NYSE:SAVE)

JetBlue Airways

Earlier this month, U.S. District Court Judge William Young ruled to block the proposed merger between Spirit Airlines (NYSE: SAVE ) and JetBlue Airways (NASDAQ: JBLU ). The Judge cited reduced competition risks and higher ticket prices for Spirit customers as part of his decision, among other factors.

Spirit Airlines (SAVE) Stock Plunges as JetBlue Preps to Give Up

Spirit said there was no basis for terminating the merger agreement and it would continue to abide by its obligations and was expecting JetBlue to do the same.

Spirit shares sink 17% after JetBlue casts doubt on closing $3.8B merger

JetBlue says that certain conditions required for the closing of the merger with Spirit may not be met in time.

Spirit Airlines Stock Tumbles as JetBlue Warns It Could Walk Away From Merger

Spirit Airlines stock tumbled near all-time lows early Friday after JetBlue warned it may terminate the $3.8 billion merger agreement.

Spirit Airlines Dives Near Record Lows After JetBlue Warns On Merger Termination

JetBlue Airways warned that it could terminate its attempted takeover of Spirit Airlines next week after a federal judge's ruling blocked their planned merger.

JetBlue Warns It Might Scrap Spirit Airlines Takeover

JetBlue Airways disclosed on Friday that it had informed Spirit Airlines that certain conditions required as part of their merger agreement may not be met before the due date, potentially leading to a termination of the deal.

JetBlue casts doubt on Spirit deal completion

Shares of Spirit Airlines Inc. SAVE, +1.69% tumbled 10.9% in premarket trading Friday, after JetBlue Airways Corp. JBLU, +5.33% warned that the merger may need to be terminated. JetBlue's stock rallied 3% ahead of the open.

Spirit Airlines' stock tumbles after JetBlue warning that merger deal may need to be terminated

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Airline stocks such as Allegiant Travel (ALGT), Spirit Airlines (SAVE) and Frontier Group Holdings (ULCC) are likely to have benefited from upbeat passenger volumes in the fourth quarter.

3 Airline Stocks Likely to Surpass Q4 Earnings Estimates

Mesa Air Group Inc.

Dave Portnoy's tweets about being long on Spirit Airlines may spark a short squeeze. The fundamentals of SAVE, including its high debt load, make it a risky investment at $7 or $8 per share. Mesa Airlines offers a better risk/return profile for those looking to play an airline turnaround.

Airline Turnarounds: Spirit Airlines Vs. Mesa Air Group

In recent weeks, Spirit Airlines (NYSE: SAVE) might have become transformed into the world's newest meme stock as it went on a veritable – and ongoing – stock market rollercoaster ride after the court blocked its merger with JetBlue (NASDAQ: JBLU).

The next meme stock? Spirit Airlines surges towards $10

The report highlights the Foundation's investments in positive change across Spirit Airlines' network Click here to view the report  MIRAMAR, Fla., Jan. 23, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) highlighted its investment in meaningful social impact in the third Spirit Charitable Foundation Impact Report released today.

The Spirit Charitable Foundation Publishes its 2023 Impact Report

Spirit Airlines (SAVE) expects fuel cost per gallon to be $3.18 in Q4.

Spirit (SAVE) Issues Bullish Q4 Guidance, Backs JBLU Deal

Uber

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Uber Drops Drizly; the Government Stalls an Airline Merger

Spirit shares are down about 50% since a U.S. District Court judge blocked the merger.

Spirit Airlines shares extend rebound after it appeals ruling blocking JetBlue merger

Shares in Spirit Airlines and JetBlue Airlines were on the front foot in early Monday trades after filing an appeal against the ruling of US District Judge William Young, who last week blocked their proposed $3.8 billion merger. Young's ruling was due to concerns that the merger would violate US antitrust laws, potentially leading to higher prices and fewer options for consumers.

Spirit Airlines and JetBlue bolstered by fresh hopes of $3.8mln merger

Shares of Spirit Airlines Inc. are likely to continue their rebound Monday, according to T.D. Cowen, continuing their rally after a five-day losing streak that followed a federal judge's decision to block a proposed $3.8 billion acquisition by JetBlue Airways Corp.

Spirit Airlines shares set to continue rebound, says T.D. Cowen

Spirit (SAVE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Strength Seen in Spirit (SAVE): Can Its 17.2% Jump Turn into More Strength?

Investors in the airline industry are questioning their investments after recent setbacks, including the blocking of Spirit's merger with JetBlue. Although most recent reports talk about Chapter 11 for Spirit, I don't expect this to be the case based on a cash flow analysis. When forecasting future cash flow, it's possible to identify future sources of liquidity that will support SAVE's debt renegotiation and plane deliveries.

Spirit Airlines: Don't Join The Panic

From small Pennsylvania airports to college students and family fliers, Spirit Airlines' financial struggles will reverberate across the nation.

How Spirit Airlines' uncertain future could add cost and stress to travel across America

Two things happened to Spirit Airlines (NYSE: SAVE) recently.

Will Spirit Airlines Go Under?

The ultra-low-cost airline Spirit Airlines (NYSE: SAVE) has managed to interrupt its notable decline recently, partly finding support from renowned investor and Barstool Sports founder Dave Portnoy.

Spirit Airlines stock climbs 60% since Dave Portnoy calls it a ‘mega buy'

The appeal continues the court fight to keep the merger alive, a deal Spirit needs as it faces financial difficulties.

JetBlue, Spirit Airlines to appeal judge's ruling that blocked $3.8B merger

Disney

Taiwan Semiconductor Manufacturing

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News for Spirit Airlines Stock (SAVE)