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

The CEO of JetBlue Airways testified in court on Monday that the company's proposed $3.8 billion acquisition of Spirit Airlines is a critical part of his plan to turn the airline into a more significant competitor to the four largest U.S. air carriers.

JetBlue CEO at trial calls Spirit merger key to taking on larger airlines

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The CEO of Spirit Airlines on Wednesday defended in court the planned $3.8 billion acquisition of his company by JetBlue Airways as a means to create a viable competitor to the four larger airlines that dominate the U.S. skies.

Spirit Airlines CEO defends JetBlue merger in US antitrust trial

The Biden administration's fight against consolidation in the airline industry is being tested Tuesday as lawyers for JetBlue Airways and the Justice Department squared off in court.

Feds argue consumers would be ‘better off' without JetBlue-Spirit Airlines merger

The US Department of Justice (DOJ) has begun a legal battle to block JetBlue Airways (NASDAQ:JBLU) from its planned $3.8 billion acquisition of low cost carrier Spirit Airlines. The case, filed in federal court in Boston, is seen as a critical move by President Joe Biden's administration to maintain competitive pricing among budget airlines, securing affordable air travel for American consumers.

JetBlue fights DOJ lawsuit on Spirit Airlines merger, citing need for competition

JetBlue faces the Justice Department in an antitrust trial over the carrier's proposed acquisition of budget carrier Spirit Airlines.

JetBlue sinks to 12-year low as airline forecasts more losses, Spirit antitrust trial begins

The U.S. Department of Justice heads to trial on Tuesday to urge a federal judge to block JetBlue Airways' planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines.

US seeks to block JetBlue, Spirit Airlines merger at trial

The antitrust trial following the Justice Department's lawsuit to block JetBlue's proposed merger with Spirit Airlines is finally due to begin after a two-week delay.

JetBlue Earnings and Start of Spirit Trial Sync Up. It's a Big Day for the Stock.

Nonstop flights from Fort Lauderdale and Orlando begin March 2024  with introductory fares starting at $ 149 one-way* Spirit photos and video available HERE MIRAMAR, Fla. , Oct. 27, 2023 /PRNewswire/ -- Mexico's east coast jewel will soon be only one nonstop flight away for U.S. travelers.

Paradise is Calling: U.S. Travelers Gain Daily, Low-Fare Flights to Tulum's New Airport with Spirit Airlines

A Spirit Airlines memo said pilot training would be suspended next month "until further notice."

Spirit Airlines suspends training for new pilots after difficult quarter, Pratt engine issue

Spirit (SAVE) came out with a quarterly loss of $1.37 per share versus the Zacks Consensus Estimate of a loss of $1.47. This compares to earnings of $0.03 per share a year ago.

Spirit (SAVE) Reports Q3 Loss, Tops Revenue Estimates

MIRAMAR, Fla., Oct. 26, 2023 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported third quarter 2023 financial results.

Spirit Airlines Reports Third Quarter 2023 Results

Spirit Airlines says its flight schedule could be impacted for days as it scrambles to perform "a necessary inspection of a small section of 25 of our aircraft."

Spirit Airlines cancels some Friday and Saturday flights for unspecified inspections

Spirit Airlines Inc SAVE, +1.26% on Friday had canceled dozens of flights due to what it said was a “necessary inspection of a small section” of some of its jets. According to flight-tracking service FlightAware, Spirit had canceled 98 flights, with 65 delays.

Spirit Airlines cancels flights due to ‘necessary' inspections

Spirit Airlines on Friday said it has canceled a portion of its scheduled flights to perform a "necessary" inspection of a small section" of 25 planes.

Spirit Airlines cancels flights to perform 'necessary' inspection of aircraft

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Airline stocks are particularly weak at the moment. Recession fears are spiking again as rate concerns increase, threatening spending overall along with travel in the process.

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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 October 25, 2023, as the record date for the October 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “October 2023 Additional Prepayment”), with payment of t.

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

A travel boom has produced bumper earnings for major U.S. carriers this year but signs of softening demand on domestic routes have amplified worries that the bubble is about to burst, sparking a sell-off in airline stocks and prompting analysts to slash their earnings estimates.

Flagging domestic travel casts shadow over US airline earnings

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JetBlue is raising flight attendant pay by 5% while union agreed to support the airline's acquisition of budget carrier Spirit.

JetBlue raises flight attendant pay, union agrees to support merger with Spirit

The shares of Spirit Airlines Incorporated (NYSE:SAVE) were last seen down 2.2% at $16.15 today.

Signal Says Buy Puts on This Airline Stock

Click HERE for photos and b-roll of self-bag drop MIRAMAR, Fla. , Sept. 28, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is now offering Guests in the Motor City a speedy, self-service option to breeze through check-in.

Spirit Airlines Expedites Check-in for Detroit Guests with Debut of DTW's First Self-Bag Drop

U.S. Senator Elizabeth Warren has asked JetBlue CEO Robin Hayes to answer if the low-cost airline privately forecast its planned $3.8 billion merger with Spirit Airlines will dramatically hike air fares, according to a letter seen by Reuters.

US senator wants JetBlue CEO to answer if Spirit deal will hike air fares

Travel boom has delivered bumper earnings for U.S. carriers, but no-frills airlines such as Frontier and Spirit are struggling to return to sustainable profitability.

News for Spirit Airlines Stock (SAVE)