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

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 Justice Department says JetBlue's acquisition of Spirit 'would eliminate the largest and fastest-growing ultra-low-cost carrier in the United States.'

Justice Department Sues to Block JetBlue-Spirit Merger. Here's Why.

Spirit shares slipped as much as 8% while JetBlue jumped 2% as investors reacted to the latest drama surrounding the discount airline.

Feds Sue JetBlue Over Its $3.8 Billion Merger With Spirit

The Justice Department on Tuesday sued to block the merger of JetBlue Airways Corp. and Spirit Airlines Inc., saying the plan would eliminate competition and stick travelers with higher fares.

Justice Department sues to block JetBlue-Spirit merger

Complaint alleges the deal would eliminate Spirit as a low-cost competitor to major carriers

Justice Department Sues to Block JetBlue-Spirit Merger

JetBlue's takeover of Spirit would create the fifth-largest airline in the country and also eliminate Spirit.

Justice Department sues to block JetBlue's acquisition of Spirit Airlines

JetBlue said it saw a “high likelihood” of an antitrust suit by the Justice Department this week, but declared that the deal would foster competition.

JetBlue Expects U.S. Move to Block Merger With Spirit

The Department of Justice (DOJ) and Department of Transportation (DOT) are expected to take legal action against JetBlue Airways (NASDAQ:JBLU) Corporation over its proposed $3.8 billion takeover of Spirit Airlines as soon as Tuesday, according to a Bloomberg report citing people with knowledge of the matter. The report said the DOJ is expected to file an antitrust lawsuit in federal court alleging that the elimination of Spirit would increase ticket prices and decrease options for travelers.

JetBlue's $3.8B merger with Spirit to face antitrust suit from DOJ: reports

JetBlue and Spirit announced plans to merge last year, but investors knew from the start the transaction would likely face regulatory scrutiny. JetBlue's CEO said Monday he expects the Justice Department to file suit to block the deal this week.

Why Spirit Airlines Stock Is Falling Today

JetBlue Airways Corp. JBLU, +2.04% is bracing for the Justice Department to try to block the airline's planned takeover of Spirit Airlines Inc. SAVE, -6.25% in the coming days, JetBlue's chief executive told the Wall Street Journal. “My expectation is that we will get sued by the DOJ this week,” JetBlue CEO Robin Hayes told the Journal.

JetBlue bracing for DOJ to try to block takeover of Spirit Airlines, CEO says

JetBlue CEO Says Feds Will Sue Airline Over Its $3.8 Billion Merger With Spirit This Week

The airlines' CEOs say combining their operations will ultimately benefit consumers.

JetBlue, Spirit Brace for Justice Department Lawsuit to Block Airlines' Merger

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The highly-ranked airline industry is benefiting from a resurgence in air traffic. However, not all airlines are reaping the rewards.

Breaking Down 3 Airline Segments (Avoid 1)

AFA President Sara Nelson and TWU President John Samuelsen say they will meet Friday in Miami to discuss labor issues raised by the planned JetBlue/Spirit merger.

As JetBlue And Spirit Eye Merger, Their Union Leaders Will Meet To Hash Out Differences

Ahead of a decision from the Department of Justice on whether to block a merger between JetBlue Airways and Spirit Airlines, the companies are reportedly making a final push.

JetBlue, Spirit insist merger won't lead to higher airline fares, as DOJ circles

Daily routes to Dallas, Las Vegas and San Diego launch in June with introductory fares starting as low as $39* one way Spirit Images & Logos Available HERE MIRAMAR, Fla. , Feb. 16, 2023 /PRNewswire/ -- Bright yellow planes will cruise into San José, California for the first time this June as  Spirit Airlines (NYSE: SAVE) today announced the launch of new, nonstop service from San José Mineta International Airport (SJC).

Spirit Airlines is California Dreamin', Announces New San José Service

New nonstop routes to Atlanta, Chicago, Dallas, Detroit and Hartford launch by June 2023 with introductory fares starting as low as $59* one way MIRAMAR, Fla., Feb. 15, 2023 /PRNewswire/ -- Travelers will get More Go than ever before to explore the Island of Enchantment this spring as Spirit Airlines (NYSE: SAVE) announces the launch of five new, nonstop routes from Luis Muñoz Marín International Airport (SJU).

Spirit Airlines Celebrates 20+ Years in Puerto Rico with 5 New, Nonstop Routes from San Juan

The award is part of the annual ATW Industry Achievement Awards, which are among the most respected accolades in the global aviation industry Photos available HERE MIRAMAR, Fla., Feb. 14, 2023 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) efforts to redefine ultra-low fare travel are getting recognized on the global stage.

Spirit Airlines Takes Home Prestigious 'Value Airline of the Year' Award from Air Transport World (ATW)

Spirit Wings Pilot Pathway Launches in Boca Raton, Florida   Click HERE  for Spirit Airlines & Lynn University aircraft photo shoot images MIRAMAR, Fla., Feb. 13, 2023 /PRNewswire/ -- Aspiring pilots can now join the fast track to a rewarding career at one of the nation's fastest-growing airlines while they finish college.

Spirit Airlines and Lynn University Team Up to Launch the Airline's First University-Based Pilot Training Program

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 February 22, 2023, as the record date for the February 2023 prepayment to Spirit stockholders of $0.

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

Spirit Airlines expects to hear from the DOJ in the next month on whether the government organization will file to block the merger. JetBlue Airways Corporation has started paying Spirit shareholders $0.10 a month to wait on the deal close.

Spirit Airlines: Waiting On JetBlue Money

JetBlue's bid to acquire Spirit Airlines has been put on pause while the DOJ considers blocking the merger on antitrust grounds, resolution expected in 30 days.

Spirit Airlines says expects DOJ decision on JetBlue merger in around 30 days

Spirit Airlines, Inc. (NYSE:SAVE ) Q4 2022 Earnings Conference Call February 7, 2023 10:00 AM ET Company Participants DeAnne Gabel - Senior Director, Investor Relations Ted Christie - Chief Executive Officer Matt Klein - Chief Commercial Officer Scott Haralson - Chief Financial Officer Conference Call Participants Mike Linenberg - Deutsche Bank Jamie Baker - JPMorgan Duane Pfennigwerth - Evercore ISI Dan McKenzie - Seaport Global Helane Becker - Cowen Savi Syth - Raymond James Stephen Trent - Citi Scott Group - Wolfe Research Operator Ladies and gentlemen, good morning. My name is Abby and I will be your conference operator today.

Spirit Airlines, Inc. (SAVE) Q4 2022 Earnings Call Transcript

Spirit Airlines (SAVE) fourth-quarter 2022 earnings and revenues increase year over year.

Spirit Airlines (SAVE) Q4 Earnings & Revenues Beat, Rise Y/Y

Spirit Airlines Inc (NYSE:SAVE) reported fourth-quarter profits of 12 cents per share on revenue of $1.39 billion before the bell this morning, beating estimates of 4 cents per share on $1.38 billion.

Spirit Airlines Stock Pops After Earnings

Spirit (SAVE) delivered earnings and revenue surprises of 200% and 0.17%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Spirit Airlines Stock (SAVE)