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.

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Spirit Airlines beat out competitors JetBlue and Alaska for 16 peak runway times at Newark Liberty International Airport, according to the Department of Transportation.

Spirit expanding at Newark Airport amid merger talks with JetBlue, Frontier

Spirit Airlines Incorporated (NYSE:SAVE) is in the spotlight this morning, after Newark-Liberty International Airport reassigned 16 peak-hour runway slots to the airliner.

Spirit Airlines Wins Key Runway Slots

The U.S. Transportation Department on Tuesday said it had reassigned 16 peak-hour runway timings to Spirit Airlines at congested Newark Airport in New Jersey that were previously operated by Southwest Airlines.

U.S. shifts peak-hour runway timings to Spirit Airlines at Newark

A bidding war kept Spirit shares airborne.

Why Spirit Airlines Was Able to Gain Altitude in the First Half of 2022

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Shares of air carriers were broadly lower Tuesday, even as travelers over the July 4 holiday weekend reached a pandemic-era high and as fewer flights were cancelled than in the days leading up to the weekend. The U.S. Global Jets ETF JETS, +2.00% fell 0.8% in premarket trading, with the shares of all of its U.S.-based airline components that are trading losing ground.

Airline stocks fall even as July 4 weekend travelers reach pandemic-era highs

Spirit Airlines Inc. (NYSE: SAVE) has signed a second amendment to its previously disclosed merger deal with Frontier Airlines Inc's parent company, Frontier Group Holdings Inc., on February 5, 2022. The Spirit Airlines Board of Directors reaffirms its unequivocal suggestion that Spirit shareholders vote FOR the proposed merger with Frontier premised on the better terms […] The post Spirit Airlines prefers a merger with Frontier Airlines instead of JetBlue appeared first on Invezz.

Spirit Airlines prefers a merger with Frontier Airlines instead of JetBlue

JetBlue has extended its $30 per share tender offer for Spirit Airlines as it looks to beat rival Frontier Group Airlines to win control of the low-cost carrier.

JetBlue Extended Its Tender Offer For Spirit. It Isn't Giving Up The Fight.

JetBlue Airways Corp said on Thursday it was extending the expiration date of its cash tender offer for Spirit Airlines Inc to July 29 from June 30.

JetBlue extends tender offer date for Spirit Airlines

NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) announced today that its direct wholly owned subsidiary, Sundown Acquisition Corp. (“Sundown”), has extended the expiration date of the previously announced tender offer to purchase all of the outstanding shares of common stock, par value $0.0001 per share (the “Shares”), of Spirit Airlines, Inc. (NYSE: SAVE) for $30.00 per share, net to the seller in cash, without interest and less any required withholding taxes, to 5:00 p.m., New York City tim

JetBlue Extends Tender Offer for Spirit Airlines, Inc. to July 29, 2022

Spirit Airlines (SAVE) postpones its shareholders' meeting for the second time as it intends to continue to engage in merger talks with Frontier and JetBlue.

Spirit Airlines (SAVE) Delays Vote to Engage in Merger Talks

Frontier Group Holdings

Spirit said it's board will continue to discuss talks with both Frontier and rival JetBlue about their merger offers.

Spirit Airlines Postpones Shareholder Vote on Frontier Merger Until July 8

Spirit Airlines said Wednesday that it would delay a shareholder vote on its proposed merger with Frontier Airlines scheduled for tomorrow until July 8.

Spirit Airlines delays shareholder vote on merger to July 8 to continue talks with Frontier, JetBlue

Spirit Airlines Inc said on Wednesday it was delaying a shareholder vote set for Thursday on bids for the company by JetBlue Airways Corp and Frontier Group Holdings Inc.

Spirit Airlines delays vote on takeover bids

Spirit Airlines (SAVE) remains committed to its merger deal with Frontier as it cites greater regulatory risks in a potential deal with JetBlue.

Spirit Airlines (SAVE) Sticks to Frontier, Rejects JetBlue Offer

NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today shared a letter with its Crewmembers in advance of the Spirit (NYSE: SAVE) special meeting on June 30: Dear Crewmembers, It's been an active few months on our proposed acquisition of Spirit. Thanks for all your support, questions, and interest along the way. I've also received many messages from Spirit Team Members who are excited and rooting for us. I believe we could all work together to create a game-changing national competitor to the

In Message to Crewmembers, JetBlue Highlights Benefits to Travelers from a Combined JetBlue-Spirit

Spirit Airlines once again rejected a sweetened takeover offer from JetBlue Airlines, citing antitrust concerns and asked its shareholders to vote for a merger with rival Frontier Group at a meeting tomorrow.

The Contest for Spirit Airlines Continues

MIRAMAR, Fla.--(BUSINESS WIRE)--Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) President and CEO, Ted Christie, appeared on CNBC's “Mad Money” with Jim Cramer on Tuesday, June 28, to discuss the compelling benefits of Spirit's merger agreement with Frontier Group Holdings, Inc. (“Frontier”) (NASDAQ: ULCC), parent company of Frontier Airlines, Inc. View the full video on www.votespiritfrontier.com or on CNBC.com. Jim Cramer commented: “Did anyone read the Assistant Attorney Gener

Spirit Airlines Highlights Must-See CNBC Interview of President and CEO Ted Christie with Jim Cramer Regarding Frontier Merger

NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today issued an open letter to shareholders of Spirit (NYSE: SAVE). The full letter follows: Dear Spirit Shareholders, Tomorrow, Spirit shareholders have YOUR chance to help assure you receive the most value for your Spirit shares by voting AGAINST the Frontier transaction. If you want more value and more certainty, sooner, your choice is clear. By voting AGAINST the Frontier transaction you vote FOR: A superior all-cash price of at least $33.50

JetBlue Issues Letter to Spirit Shareholders

No airline has covered itself in glory this year, and if Spirit can just improve service a little big profits could flow to whoever wins it. The post Why Spirit Airlines is the Fairest of Them All appeared first on InvestorPlace.

Why Spirit Airlines is the Fairest of Them All

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JetBlue escalated its battle with Frontier on Monday for the right to secure a merger deal with Spirit Airlines as the bidding war for the low-cost airline nears its end.

JetBlue will not back down, continues its fight for Spirit Airlines

With an increased reverse termination fee and a ticking fee, JetBlue's (JBLU) offer to acquire Spirit Airlines is valued at $34.15 per share.

JetBlue (JBLU) Boosts Takeover Bid for Spirit Airlines Again

Shareholders of the low-cost airline are to vote on whether to merger with Frontier on Thursday.

News for Spirit Airlines Stock (SAVE)