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 has reduced capacity forecasts driven by supply chain challenges for airplanes and engines. In case of approval for the combination with JetBlue, a significant upside remains but as a standalone business the company also can perform well. With its upgauging strategy, Spirit Airlines seems to be well positioned to drive down costs.

Spirit Airlines: Value Remains Despite Uncertainties

Rising air-travel demand boosts Spirit Airlines (SAVE). However, increasing fuel costs are acting as headwinds.

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

JetBlue Airways

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 June 26, 2023, as the record date for the June 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “June 2023 Additional Prepayment”), with payment of the June 2.

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

The Carrier's Largest Self-Bag Drop System Launches at Orlando International Airport Photos and video of self-bag drop available HERE MIRAMAR, Fla., June 13, 2023 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) Guests can now breeze through check-in at Orlando International Airport (MCO) with the addition of the airline's award-winning self-bag drop with biometric photo-matching.

Spirit Airlines Celebrates 30 Years in Orlando with a Major Investment to Streamline the Check-in Experience

Spirit's daily , nonstop service to Dallas-Fort Worth, Las Vegas, and San Diego launches today with a  Double Free Spirit loyalty points promotion for San José Guests Spirit Images & Logos Available HERE MIRAMAR, Fla., June 7, 2023 /PRNewswire/ -- The Golden State is shining brighter today as Spirit Airlines (NYSE: SAVE) launches its new, nonstop service from its seventh California airport, San José Mineta International Airport (SJC).

Spirit's Bright Yellow Planes are on Their Way to San José

The largest member of Airbus' A320 Family aircraft ushers in a new chapter for the airline with even better fuel-efficiency & more seats per departure on existing routes Aircraft photos available HERE MIRAMAR, Fla., June 5, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today celebrated a major company first with the unveiling of its first A321neo aircraft in a ceremony at the airline's Detroit maintenance hangar.

Spirit Airlines' Fit Fleet® Gets Even Fitter with its First-Ever Airbus A321neo Delivery

Frontier Group Holdings

JetBlue Airways Corp. JBLU and Frontier Group Holdings Inc. ULCC said late Thursday that they have reached an agreement in which JetBlue will divest all of the holdings of Spirit Airlines Inc. SAVE at New York's LaGuardia airport to Frontier in connection with JetBlue's planned merger with Spirit. JetBlue emerged victorious earlier this year for ultra-low cost Spirit after a fight with Frontier.

JetBlue, Frontier agree on divestiture at LaGuardia in connection with planned Spirit merger

NEW YORK & DENVER--(BUSINESS WIRE)--JetBlue Airways Corporation (NASDAQ: JBLU) and Frontier Group Holdings, Inc. (NASDAQ: ULCC) today announced that the airlines have entered into a definitive agreement under which JetBlue will divest all of the holdings of Spirit Airlines, Inc. (NYSE: SAVE) at New York's LaGuardia Airport to Frontier in connection with JetBlue's planned merger with Spirit. These divestitures are part of JetBlue's upfront commitments included in the merger agreement with Spirit.

JetBlue and Frontier Announce Divestiture Agreement in Connection with JetBlue's Combination with Spirit

The budget airline said the issue was resolved.

Spirit Airlines Technical Issue Delays Half of Flights

Spirit Wings Pilot Pathway Launches at Professional Pilot Training Center near Dallas-Fort Worth Click HERE for Spirit & US Aviation Academy photos and video MIRAMAR, Fla. , May 31, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is turning to Texas to expand its pipeline of highly-skilled, professional pilots.

Spirit Airlines Expands its Pilot Pipeline with North Texas-based US Aviation Academy

Spirit Airlines stock trades at a 50%-plus discount to the value of JetBlue's takeover offer. A federal judge's recent order that JetBlue and American Airlines must unwind their Northeast Alliance will make it easier for JetBlue to gain regulatory approval to buy Spirit.

This Airline Just Got Magnificent News. Investors Didn't Notice.

Spirit (SAVE) reported earnings 30 days ago. What's next for the stock?

Why Is Spirit (SAVE) Down 15.1% Since Last Earnings Report?

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 May 24, 2023, as the record date for the May 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “May 2023 Additional Prepayment”), with payment of the May 2023.

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

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Four years ago, electric vehicles were still a niche industry, accounting for 1.4% of total vehicle sales in the U.S., according to a report from CleanTechnica, a website covering the cleantech industry. That number, according to the report, quadrupled by 2022, and the Biden administration recently proposed new rules that would make two-thirds of passenger vehicle sales electric by 2032.

Are airlines doing anything for the planet? Not so much.

Spirit's top Caribbean destination gets more accessible with new, nonstop routes to Atlanta, Chicago, Dallas, and Detroit launching today, and Hartford launching June 2023 Spirit images & logos available HERE MIRAMAR, Fla. , May 5, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is entering a new, exciting chapter in its 20+ year history in Puerto Rico today by launching its expansion at Luis Muñoz Marín International Airport (SJU).

Spirit Airlines Launches its Puerto Rico Expansion, Adding Nonstop Flights Stretching to Texas and the Midwest

Spirit Airlines (SAVE) first-quarter 2023 earnings and revenues surge year over year.

Spirit Airlines (SAVE) Q1 Loss Narrows, Revenues Lag Estimates

Spirit Airlines, Inc. (SAVE) Q1 2023 Earnings Call Transcript.

Spirit Airlines, Inc. (SAVE) Q1 2023 Earnings Call Transcript

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

Spirit Airlines Reports First Quarter 2023 Results

Airline adopts Amadeus SkySYM, applying Artificial Intelligence (AI) to simulate and optimize performance of flight schedules MIRAMAR, Fla. , April 26, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is investing in its Guests with Amadeus SkySYM technology to help optimize its flight schedule and maximize reliability for the upcoming travel seasons.

Spirit Airlines Adds New Flight Scheduling Technology in Time for Peak Summer Travel Season

Spirit Wings Pilot Pathway Launches in Romeoville, Illinois, Offering a Fast Track to the Flight Deck Click HERE  for Spirit & Lewis University photos MIRAMAR, Fla., April 26, 2023 /PRNewswire/ -- Aspiring pilots in the Chicago area can soon soar from a college classroom to the flight deck at Spirit Airlines (NYSE: SAVE).

Spirit Airlines and Lewis University's New Pathway Program for Aspiring Pilots Takes Flight near Chicago

MIRAMAR, Fla., April 25, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is bringing a batch of new, affordable and convenient nonstop flights to Boston Logan International Airport (BOS) this summer, nearly doubling its number of year-round routes at BOS.

Spirit Airlines Adds a Batch of New Boston Flights this Summer

A photo of the aircraft is available HERE MIRAMAR, Fla. , April 24, 2023 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) has welcomed a landmark delivery for the airline's growing Fit Fleet with its 200th new aircraft delivery from Airbus.

Spirit's Fit Fleet® Flies Forward with 200th Delivery from Airbus

Spirit (SAVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Spirit (SAVE) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

On being put to vote, 75% flight attendants at Spirit Airlines (SAVE) vote in favor of the pay-related deal.

Spirit Airlines' (SAVE) Flight Attendants Vote for Pay Hike

Spirit is currently trading at a deep discount to the acquisition price that JetBlue has offered. The market is implying that the transaction is unlikely to be completed and investors need to analyze the stand-alone entity.

News for Spirit Airlines Stock (SAVE)