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.

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.

A recent twist involving JetBlue Airways NASDAQ: JBLU and Spirit Airlines NYSE: SAVE took center stage in the airline industry, where mergers and acquisitions could shape the skies.

Spirit Airlines stock faces major turbulence post merger block

Spirit Airlines stock was falling again early Thursday as the ultra-low-cost carrier's predicament became increasingly turbulent.

Spirit Stock Gets a Downgrade. It's the Least of the Airline's Problems.

Shares of Spirit Airlines extended losses to a third session on Thursday over investor concerns about the financial future of the low-cost carrier after a U.S. judge blocked its $3.8 billion merger with JetBlue Airways.

Spirit Airlines shares reel from JetBlue deal roadblock

JetBlue Airways

With more observers bracing for a future where JetBlue Airways Corp. and Spirit Airlines Inc. have to go it alone, Fitch analysts on Wednesday became the latest to cast doubt on Spirit's prospects as a standalone airline, saying the ultra-low-cost carrier faced “serious headwinds” to improving its profits.

Spirit Airlines' odds on its own look shaky after judge blocks JetBlue merger, Fitch says

The pain isn't over yet for Spirit Airlines (NYSE: SAVE ), as shares of the ultra-low-cost carrier are down more than 20% today. Yesterday, U.S. District Court Judge William Young ruled to block Spirit's proposed merger with JetBlue Airways (NASDAQ: JBLU ), citing reduced competition fears and higher ticket fares for Spirit customers.

5 Investors Betting Big on Spirit Airlines (SAVE) Stock

Spirit, whose last profitable year was 2019, had challenges even before the ruling including grounded planes, softening demand and rising costs.

Failed JetBlue takeover could force Spirit to slash fares, restructure as carrier grasps for a path

It's Spirit's second day of double-digit losses after a judge blocked its proposed merger with JetBlue Airways.

Spirit Airlines shares sink 20% in second day of losses after judge blocks JetBlue merger

Shares of Spirit Airlines were down another 20% on Wednesday morning following a federal judge's move to block its planned $3.8 billion acquisition by JetBlue. The deal would have created the fifth-largest airline in the US.

Spirit Airlines shares plunge, "difficult path ahead" without JetBlue acquisition

Disney

The U.S. Department of Justice prevailed in a lawsuit to stop the merger of two low-cost airlines, while the House of Mouse nominated its slate of 12 candidates for its board of directors.

Federal Judge Blocks JetBlue-Spirit Merger; Disney Names Board Candidates

Shares in the low-cost airline (and late-night punchline) Spirit Airlines (NASDAQ: SAVE ) plunged after a judge blocked its $3.8 billion merger with JetBlue (NASDAQ: JBLU ). There are now real fears of a bankruptcy filing and liquidation.

SAVE Stock Alert: Is Spirit Airlines on the Brink of Bankruptcy?

A federal judge's decision to block JetBlue Airways Corp.'s proposed $3.8 billion acquisition of Spirit Airlines Inc. is a good outcome for JetBlue, according to J.P. Morgan.

JetBlue dodged a bullet after judge blocked Spirit acquisition, J.P. Morgan says

JetBlue Airways may have lost its court battle over the proposed merger with Spirit Airlines, but it's not such a bad outcome for the low-cost carrier.

Why JetBlue Is a Winner After Judge Blocks Spirit Merger

Shares of ultra-low-cost carrier Spirit Airlines fell 10% in premarket trade on Wednesday, a day after a U.S. judge blocked the airline's planned $3.8 billion merger with rival JetBlue Airways.

Spirit Airlines stock dips after US judge blocks $3.8 billion merger with JetBlue

Spirit Airlines faces tough choices about its future including looking for another buyer and finding other ways to shore up its finances after a federal judge on Tuesday blocked its $3.8 billion merger deal with JetBlue Airways , industry experts said.

Focus: Spirit Airlines finds itself with few options after judge blocks deal with JetBlue

Shares of Spirit Airlines plunged nearly 50% Tuesday after a federal judge blocked JetBlue Airways' (NASDAQ:JBLU) plan to purchase the budget airline for $3.8 billion.  The ruling is a win for the US Justice Department, which sued to block the merger on the grounds that it would increase fares by reducing competition in the discount airline market.

JetBlue's bid to buy Spirit Airlines blocked by federal judge

It has been a complicated month for the air travel industry so far. Most recently, this week, JetBlue's (NASDAQ: JBLU ) long-awaited $3.8 billion acquisition of Spirit Airlines (NYSE: SAVE ) has encountered an obstacle that could spell the end.

Is the Blocked JetBlue Deal a Death Sentence for Spirit Airlines (SAVE) Stock?

A US federal judge on Tuesday ruled against JetBlue's $3.8 billion takeover of low-cost carrier Spirit Airlines, saying that the deal would reduce competition.

US judge blocks JetBlue-Spirit airline merger

The U.S. government's suit to block JetBlue's acquisition of Spirit was successful, casting the future of both companies into doubt. JetBlue comes out better of the two sides, given the deal was expensive and the economic climate has softened since the deal was announced.

Why JetBlue Stock Is Soaring and Spirit Airlines Is Plummeting Today

Spirit Airlines (SAVE) shares dumped more than 50% on Tuesday after a judge blocked its proposed merger with rival JetBlue (JBLU).

Spirit Airlines Stock Price Dives 50% After Judge Blocks JetBlue Merger

A federal district court on Tuesday blocked JetBlue Airways' proposed $3.8 billion acquisition of budget carrier Spirit Airlines after the judge found the merger would hurt competition.

Judge blocks $3.8B JetBlue-Spirit merger

Ruling marks victory for Biden government and its effort to preserve lower cost airline tickets for American consumers

US judge blocks JetBlue from $3.8bn Spirit Airlines acquisition

The judge agreed with the Justice Department that the deal would eliminate a competitor important to price-conscious travelers.

Judge Blocks JetBlue's $3.8 Billion Acquisition of Spirit

SAVE stock tanked Tuesday after a federal judge blocked JetBlue's $3.8 billion acquisition of Spirit Airlines.

Spirit Airlines Stock Crashes 50% After Judge Blocks Merger With JetBlue

Spirit Airlines' stock plunged as much as 60% on Tuesday following news that a federal judge blocked its $3.8 billion acquisition at the hands of JetBlue Airways, scoring a win for the Justice Department, which sued JetBlue last year to stop the acquisition on antitrust grounds.

Spirit Airlines Stock Plummets Over 50% After JetBlue Deal Blocked

A federal judge on Tuesday blocked JetBlue Airways Corp.'s proposed $3.8 billion acquisition of Spirit Airlines Inc., agreeing with the Justice Department's assertion that the deal would eliminate a competitor important to price-conscious travelers.

News for Spirit Airlines Stock (SAVE)