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.

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Spirit Airlines announced in a regulatory filing this week that it agreed to sell some of its planes and plans to cut its workforce as it seeks to raise cash.

Spirit Airlines plans to sell planes, cut jobs

The company served up another glimmer of hope that it can navigate its way out of its current mess.

Why Spirit Airlines Shares Are Soaring (Again) Today

Spirit Airlines announced in a regulatory filing it would sell some of its older planes and eliminate jobs to reduce costs, causing shares of the budget airline—which dropped after reports the company was considering bankruptcy—to surge 20% on Friday for the stock's latest rally.

Spirit Airlines Shares Surge 20% Amid Plan To Sell Planes And Cut Jobs

Spirit may have staved off bankruptcy, at least for the moment.

Why Spirit Airlines Rocketed Over 100% Higher This Week

Spirit Airlines plans to cut jobs, sell planes and shrink its footprint next year. The budget carrier is struggling from the fallout of a scuttled acquisition, an engine recall and an oversupplied U.S. market

Spirit Airlines stock jumps 25% after struggling budget carrier said it will sell planes, cut jobs

Tesla

Investors could see a second straight day of an opening in the green on Wall Street as the index futures point to a positive start on Friday. Treasury yields started cooling again after scaling three-month highs.

US Stocks Set To Rise As Treasury Yields Ease, Tesla, Spirit Airlines Among Stocks In Focus: Fund Manager Says Despite Elon Musk's Company 'Firing On All Cylinders,' It's Still Not A 'Good Time To Buy'

On Thursday, Spirit Airlines unveiled plans to cut costs and raise cash amid bankruptcy reports. Its stock rose after it said it would sell $519 million of Airbus jets and cut staff.

Spirit Airlines is selling planes worth $500 million and cutting staff as it fights to stay in the air

Spirit Airlines (SAVE) shares are surging 12% in premarket trading Friday after the discount carrier said it plans to cut jobs and sell some planes as it tries to shore up its finances.

Spirit Airlines Stock Jumps on Job Cuts, Plane Sales

It's the third time shares in the struggling airline have spiked this week.

Spirit Stock Spikes After the Budget Airline Says It Will Lay Off Staff and Sell Jets

Embattled discount airline Spirit Airlines Inc. on Thursday said it would cut staff, scale back flight coverage and sell jets as it seeks a lifeline following its failed merger with JetBlue Airways Corp. earlier this year.

Spirit Airlines announces layoffs, jet sales as it tries to stay afloat

Transportation stocks typically indicate the economy's current state, while airline stocks gauge the consumer cycle's direction instead. Recently, shares of Spirit Airlines Inc. NYSE: SAVE have nearly doubled after the company struck a new deal to help keep its debt burden flexible ahead of bond maturities in 2025.

Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?

Spirit Airlines (SAVE) shares are surging nearly 20% in premarket trading Wednesday on a report that Frontier Airlines parent Frontier Group Holdings (ULCC) is in the early stages of a renewed bid for its rival discount carrier.

Spirit Airlines Stock Jumps on Report of Renewed Bid by Frontier

The company is reportedly back in merger talks with Frontier.

Why Spirit Airlines Stock Is Flying High Today

Frontier Group Holdings

If the deal does happen, it would come about as part of Spirit restructuring its debt via a bankruptcy, The Wall Street Journal reported.

Spirit, Frontier Merger Talks Are Back On. But This Could Spoil Any Deal.

The carriers have held early-stage deal discussions, as Spirit continues negotiations with bondholders over possible bankruptcy terms.

Frontier, Spirit Airlines Revive Merger Talks

More than two years after a merger deal fell apart, Frontier Airlines is considering another run at acquiring Spirit Airlines, the Wall Street Journal reported Tuesday night.

Frontier reportedly considering renewed merger talks with Spirit Airlines

Frontier Airlines is exploring a renewed bid for Spirit Airlines , the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Frontier, Spirit Airlines revive merger talks, WSJ reports

After concern mounted earlier this month that Spirit Airlines was set to announce bankruptcy, the company has lived to see another day in the sky—for now.

Spirit Airlines is not going bankrupt . . . yet

The deadline extension allows Spirit some wiggle room to refinance its $1.1 billion in secured debt due to mature next year.

Spirit Airlines shares soar more than 60% on debt refinancing extension

The troubled airline has more time to work out its debt issues.

Why Spirit Airlines Stock Is Soaring Today

Spirit Airlines' stock swelled by 60% on Monday, on track for the low-cost airline's best day since going public, after the carrier announced an extension to refinance its debt while temporarily avoiding the threat of bankruptcy.

Spirit Airlines Stock Soars 60% After Extending Deadline To Refinance Debt

Shares of Spirit Airlines surged as much as 46% on Monday after the ultra low-cost carrier reached a deal with its credit card processor to extend a debt refinancing deadline by two months until Dec. 23.

Spirit Airlines shares jump 46% on extension to debt refinancing deadline

Spirit Airlines (SAVE) shares jumped nearly 40% in premarket trading Monday as markets reacted to a late-Friday filing that saw the discount carrier say it has extended the deadline on a debt refinancing plan with credit card processors Visa (V) and Mastercard (MA).

Spirit Airlines Stock Flies After Carrier Extends Debt Refinancing Deadline

The budget airline has struggled to address its growing debt burden this year.

Spirit Stock Soars 40%. The Budget Airline Finally Has This Good News.

Spirit Airlines said on Friday it has reached an agreement with its credit card processor to extend a debt refinancing deadline by two months until Dec. 23.

News for Spirit Airlines Stock (SAVE)