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.

JetBlue Airways

JetBlue Airways Corp. and Spirit Airlines Inc. said late Friday that they have appealed a court ruling that earlier this week blocked their planned merger.

JetBlue, Spirit Airlines appeal court ruling blocking their proposed merger

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JetBlue and Spirit jointly said they will appeal the court's decision. A U.S. District Court judge this week blocked JetBlue's purchase of Spirit on antitrust grounds. Spirit shares plunged after the decision but recovered Friday after outlining a plan to refinance some of its debt.

JetBlue and Spirit appeal judge's ruling that blocks their proposed merger

NEW YORK & MIRAMAR, Fla.--(BUSINESS WIRE)--JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU) and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE) today reported that they have jointly filed a notice of appeal to the U.S. Court of Appeals for the First Circuit, consistent with the requirements of the merger agreement. About JetBlue  JetBlue is New York's Hometown Airline®️, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan. JetBlue carries customers.

JetBlue and Spirit File Notice of Appeal

JetBlue is focusing on leisure routes and will add service in the Caribbean and to Paris, after a judge rejected its purchase of Spirit Airlines.

JetBlue to cut some routes in profitability push days after judge bars Spirit purchase

Spirit's stock has been falling all week after a judge blocked the airline's merger with JetBlue. Spirit issued an investor update saying the deal is not dead, and also outlining its options to raise cash and survive as an independent airline.

Why Spirit Airlines Stock Is Taking Flight Today

An otherwise highly turbulent week for Spirit Airlines (NYSE: SAVE ) seems to be ending on a high note. Earlier this week, SAVE stock took a steep dive after a U.S. District Court judge blocked JetBlue's (NASDAQ: JBLU ) $3.8 billion acquisition of the discount airline.

SAVE Stock Alert: Spirit Airlines Soars Higher on Plans to Refinance Debt

Spirit Airlines (NYSE: SAVE ) stock may just have a new super fan. Indeed, the discount airline has climbed upwards of 20% since Barstool Sports founder Dave Portnoy tweeted out sharing his enthusiasm towards the stock yesterday.

Dave Portnoy Is Making a Big Bet on Spirit Airlines (SAVE) Stock

Spirit Airlines Inc's shares jumped as much as 27% in opening trade on Friday after the low-cost carrier primed investors for strong fourth-quarter results. The gains followed a sharp decline in Spirit's shares earlier this week after a federal judge move to block its planned $3.8 billion acquisition by JetBlue.

Spirit Airlines shares rebound on bullish 4Q guidance

Spirit Airlines rebounded Friday on a business update, plans to fight blocked merger with JetBlue. Weather hampers airlines.

Spirit Airlines Rebounds On Guidance Hike As Weather Scrambles Airline Schedules

Spirit Airlines Inc.'s stock was rallying in premarket trading on Friday as the carrier said its bookings over the holidays were strong and that it'll likely match or slightly beat Wall Street's fourth-quarter revenue estimate.

Spirit Airlines' stock rebounds on bullish guidance

Spirit Airlines Inc (NYSE: SAVE) jumped nearly 25% in premarket today after raising its guidance for its fourth financial quarter. Spirit Airlines' upwardly revised guidance for Q4 The budget airline now forecasts about $1.3 billion in revenue for the current quarter on adjusted margins of negative 12% to 13%.

Spirit Airlines stock just popped 25%: explained here

Spirit Airlines looks to reassure investors with improved guidance, steps it has taken to shore up liquidity, and efforts to refinance debt.

Spirit Airlines Fights Back With Action-Packed Investor Update. The Stock Is Surging.

Spirit Airlines said it was considering refinancing $1.1 billion in debt due in 2025.

Spirit Airlines Looking to Refinance $1.1B in Debt

Spirit Airlines on Friday raised its financial forecast for the fourth quarter of 2023.

Spirit Airlines stock jumps 17% after raising fourth-quarter forecast

Spirit Airlines is seeking to convince JetBlue Airways to appeal a decision by a federal judge to block the tie-up between the sixth and seventh largest U.S. airlines, according to people familiar with the discussions.

Exclusive: Spirit Airlines presses JetBlue to appeal merger block-sources

Judge blocks JetBlue's acquisition of Spirit Airlines, causing stock to drop over 50%. JetBlue made a strong case for the merger approval, offering remedies to continue competition. Spirit Airlines faces bankruptcy risk, but the airline has cash and assets to stave off risk for a considerable time.

Spirit Airlines: Chapter 11 Isn't On The Horizon

There's no denying that this has been an awful week for Spirit Airlines (NASDAQ: SAVE ). Shares dropped faster than a small plane making an emergency landing when news broke that a federal judge had blocked JetBlue's (NASDAQ: JBLU ) $3.8 billion strategic acquisition of the discount airline based on antitrust concerns.

Is a Short Squeeze Brewing in Spirit Airlines (SAVE) Stock?

Spirit Airlines Inc (NYSE: SAVE) pared back intraday losses before close on Thursday following a report that it is not considering restructuring. Spirit Airlines has debt coming due in Sept The airline stock tanked sharply this morning after the Wall Street Journal said the budget carrier was exploring restructuring options.

Spirit Airlines is not considering restructuring: here's what it's looking at instead

Spirit's stock has been in a downward spiral in the days since a judge blocked its proposed merger with JetBlue. With the deal off the table, Spirit has few good options to address its debt and other woes.

Why Spirit Airlines Stock Is Plunging Yet Again Today

Spirit Airlines is looking at ways to deal with its financial challenges, including $1.1B in debt, after a federal judge blocked the merger deal between it and JetBlue Airways

Spirit Airlines explores restructuring options following JetBlue deal collapse

Spirit said it will continue to take prudent steps to ensure the strength of its balance sheet and ongoing operations.

Spirit Airlines shares hit record low as JetBlue deal collapse alarms investors

A new bid for Spirit Airlines Inc. is unlikely to materialize, as the struggling ultralow-cost airline is saddled with debt.

Spirit Airlines, weighed down by debt, is unlikely to find new suitors

It's been a rather turbulent week for Spirit Airlines (NYSE: SAVE ), to say the least. After a judge blocked the company's merger with JetBlue (NASDAQ: JBLU ) earlier this week, reports are now surfacing that Spirit Airlines appears to be pursuing restructuring options in a bid to save the company.

SAVE Stock Alert: Spirit Airlines Pursues Restructuring Options

On Tuesday, a federal judge blocked the pending merger between JetBlue and Spirit Airlines. The judge left the door open for appeals, saying he only blocked the deal "as it currently stands.

News for Spirit Airlines Stock (SAVE)