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 Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q4 2023

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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

The ruling marked a victory for the Biden administration in its efforts to preserve competition among the lowest cost airlines.

JetBlue's $3.8B deal to buy Spirit Airlines blocked over anticompetitive fears

A federal judge said the $3.8 billion deal would reduce competition in the airline industry.

Judge Blocks JetBlue From Buying Spirit Airlines

A federal judge blocks the merger of JetBlue and Spirit Airlines.

JetBlue's Merger With Spirit Blocked. It Would Harm Price-Sensitive Consumers, Judge Says.

A federal judge on Tuesday blocked JetBlue Airways' planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines after agreeing with the U.S. Department of Justice that the deal was anticompetitive and would harm consumers.

US judge blocks JetBlue from acquiring Spirit Airlines

NEW YORK--(BUSINESS WIRE)--As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has set January 25, 2024, as the record date for the January 2024 prepayment to Spirit stockholders of $0.10 per Spirit share (the “January 2024 Additional Prepayment”), with payment of t.

JetBlue Announces Record and Payment Dates for January 2024 Additional Prepayment to Spirit Stockholders

‘Extraordinary challenges and pressure of this job have taken their toll,' says CEO Robin Hayes

JetBlue CEO to Step Down as Airline Awaits Judge's Ruling on Spirit Airlines Merger

Alaska Air Group

Bank of America

Citigroup

Delta Air Lines

JPMorgan Chase & Co

KB Home

Wells Fargo

We start another new week of trading looking at a backloaded set of data: the consequential Consumer Price Index (CPI) comes out this Thursday, followed by the Producer Price Index (PPI) for Friday — both reflecting results from December. We'll also see a slow trickle of quarterly earnings reports this week until the spigot opens Friday morning with Q4 results from some of the biggest Wall Street banks.

Wall Street Waits for Key Inflation Data

We'll see a slow trickle of quarterly earnings reports this week until the spigot opens Friday morning with Q4 results from some of the biggest Wall Street banks.

Trading Week Backloaded with CPI, PPI, Q4 Earnings

Strong air-travel demand and low debt boost Spirit Airlines (SAVE).

Here's Why Investors Should Hold Spirit Airlines (SAVE) Now

The ruling is expected in January and has wider implications beyond JetBlue Airways and Spirit Airlines stocks.

The JetBlue-Spirit Merger Ruling Will Shake-Up the Airline Sector. The Stocks to Watch.

Ryanair Hlds

These no-frills airlines entice travelers with low base fares and charge for add-ons such as luggage and food.

Budget airlines like Spirit and Ryanair make up almost a third of global airline capacity. Here's how they do business

Spirit images & logos available HERE FORT MYERS, Fla. , Dec. 15, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating three decades of serving Southwest Florida with the start of the only nonstop flight between Luis Muñoz Marin International Airport (SJU) and Southwest Florida International Airport (RSW).

Spirit Airlines Celebrates 30th Anniversary in Fort Myers with the Launch of the Southwest Florida International Airport's Only Nonstop Service to Puerto Rico

NEW YORK--(BUSINESS WIRE)--As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has set December 22, 2023, as the record date for the December 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “December 2023 Additional Prepayment”), with payment o.

JetBlue Announces Record and Payment Dates for December 2023 Additional Prepayment to Spirit Stockholders

American Airlines

Airline revenue is expected to reach a record high in 2024, according to the International Air Transport Association (IATA).

Airline Profits To Soar in 2024 as Travel Rebounds, But Profit Margins Seen Remaining Thin

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Southwest Airlines

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Shortages of new planes, jet engines and pilots have left U.S. airlines with little choice but to pursue growth through acquisitions - which puts them in the crosshairs of anti-trust regulators.

US airlines' plans for growth constrained by antitrust concerns

The Spirit/JetBlue trial is concluding, with the judge expected to rule at some point after December 13, 2023. I see the chance of a JetBlue/Spirit victory as around 65% compared to market implied odds of 40%. This may be another case of overreach on anti-trust by the current administration, but there is a limited track record of airline deals happening without a DoJ settlement.

Updating Spirit/JetBlue Merger Probabilities As Trial Concludes

BOSTON — A lawyer for JetBlue Airways said Tuesday that the biggest U.S. airlines are using their size to cement their dominance in a post-pandemic world, making it critical that a federal judge allow JetBlue to buy Spirit Airlines.

JetBlue argues it needs merger with Spirit to compete, as trial over $3.8 billion deal winds down

The judge also said he expected airline fares would rise if no-frills, ultra-low-cost Spirit no longer was around to "undercut everyone else" and drive down prices.

Judge leans toward approving JetBlue's $3.8B deal for Spirit

Shares of discount carrier Spirit Airlines (NYSE: SAVE ) suffered a heavy blow in the market on Tuesday due to a courtroom drama that could disrupt its merger with JetBlue Airways (NASDAQ: JBLU ). Lawyers for the latter airliner urged a federal judge to reject the Department of Justice's efforts to block the deal.

Why Is Spirit Airlines (SAVE) Stock Down 10% Today?

Spirit is facing financial strain from weaker off-peak demand and Pratt & Whitney engine groundings.

Spirit Airlines offers buyouts to salaried employees to cut costs

Big savings take flight with $20 one-way airfare available HERE MIRAMAR, Fla. , Nov. 24, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is celebrating an entire weekend of sales today, launching Black & Yellow Friday with flights starting as low as $20* one way.

Spirit Airlines Kicks Off Black & Yellow Friday with Limited-Time Offers on Flights, Vacation Packages and Free Spirit® Points

Spirit Airlines' stock price has fallen to where it may be a value opportunity even without JetBlue merger. The stock trades around tangible book of ~$12 per share, versus closest competitor Frontier priced at +60% premium to tangible book. Spirit's right-of-use assets for terminal gates and runways at the nation's busiest airports may be even more valuable than its planes.

Spirit Airlines: If Merger Fails, What's Next?

Spirit Airlines and JetBlue's proposed merger is still awaiting a final verdict from the DOJ after almost a year and a half. Spirit's value lies in its Airbus orders, which include more than 100 airplanes that will significantly increase capacity and fuel efficiency. Despite a forecasted net loss for FY'23 and FY'24, there is potential for Spirit to become profitable again in H2'24 and achieve significant net income in the future.

Buy Spirit Airlines For The Same Reason JetBlue Is: The A321neo

NEW YORK--(BUSINESS WIRE)--As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has set November 24, 2023, as the record date for the November 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “November 2023 Additional Prepayment”), with payment o.

News for Spirit Airlines Stock (SAVE)