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.

Frontier Group Holdings

Frontier Group's sweetened offer to buy Spirit Airlines has won over support from the shareholder advisory firm ISS, reversing an earlier decision.

Spirit shareholders urged to vote for sweetened Frontier offer

Frontier Airlines has a lower overall bid compared to JetBlue. Pre-payment offered by Frontier Airlines is superior to JetBlue's pre-payment offer.

Frontier Takes Top Spot To Acquire Spirit Airlines

Proxy advisory firm Institutional Shareholder Services Inc (ISS) has urged shareholders of Spirit Airlines Inc to vote for a proposed merger with Frontier Group Holdings Inc.

ISS urges Spirit shareholders to vote for Frontier offer

Here's what you need to know about Frontier's offer.

Spirit Airlines Sticks With Frontier Deal After Sweetened Offer

JetBlue Airways

NEW YORK--(BUSINESS WIRE)--JetBlue Comments on Frontier-Spirit Announcement

JetBlue Comments on Frontier-Spirit Announcement

Frontier Group Holdings Inc. has upped the deal to snap up Spirit Airlines Inc. as the two ultra-low-cost airlines try to elbow JetBlue Airways Corp. out of their merger amid a surge in air travel this summer and rising ticket prices.

Frontier sweetens its deal for Spirit Airlines

Los Angeles, California--(Newsfile Corp. - June 24, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Spirit Airlines, Inc. ("Spirit" or "the Company") (NYSE: SAVE) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.If you are a shareholder who suffered a loss, click here to...

INVESTIGATION NOTICE: The Schall Law Firm Encourages Investors in Spirit Airlines, Inc. with Losses to Contact the Firm

Frontier Airlines sweetened its offer to combine with fellow budget carrier Spirit Airlines.

Frontier sweetens offer for Spirit Airlines merger as shareholder vote looms

Spirit Airlines Inc said on Friday that Frontier Group Holdings had raised its cash offer by $2 per share to buy the airline, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/0001498710/000149871022000264/save-20220624.htm.

Frontier raises offer to buy Spirit Airlines by $2 per share

MIRAMAR, Fla.--(BUSINESS WIRE)--Spirit Airlines, Inc. (“Spirit” or the “Company”) (NYSE: SAVE) today announced the signing of a second amendment (the “Amended Agreement”) to its previously announced merger agreement with Frontier Group Holdings, Inc. (“Frontier”) (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., dated February 5, 2022. Based on the improved terms offered by Frontier, the Spirit Airlines Board of Directors reiterates its unanimous recommendation that Spirit stockholders

Spirit Airlines Announces Amended Merger Agreement with Frontier, Including Increased Per-Share Cash Consideration and $350 Million Reverse Termination Fee

Shareholders received an improved offer in a bidding war that's not over yet.

Why Shares of Spirit Airlines Are Surging This Week

More than 5,000 passenger complaints were lodged against US airlines in April, according to the Department of Transportation.

Spirit Airlines was the most complained about US carrier in April, followed by American, amid flight cancellations and delays

JetBlue upped its offer for Spirit Airlines again Monday. This time, the airline is offering $33.50 in cash per share, up from its prior offer of $31.50.

The race for Spirit Airlines: JetBlue, Frontier jockey for win

Spirit receives top marks in Seattle and Los Angeles MIRAMAR, Fla. , June 22, 2022 /PRNewswire/ -- Two major West Coast airports have recently recognized Spirit Airlines (NYSE: SAVE) for operating with noise levels consistently lower than other airlines -- high marks for the airline with leading low fares.

Spirit Airlines 'Quietly' Flies by Competitors in Airport Noise Reduction Awards

Spirit Airlines Inc (NYSE: SAVE) shares are trading higher Tuesday after JetBlue Airways Corp (NASDAQ: JBLUE) increased its acquisition offer to $33.50 per share in cash, including a prepayment of $1.50 per share in cash. The new offer is 6.3% higher or $2 per share more than the.

Why Spirit Airlines Stock Is Flying Today

SAVE stock is rallying after JetBlue raised its takeover offer for Spirit. Frontier is also seeking to buy Spirit.

SAVE Stock Gains 8% on JetBlue's Latest Spirit Airlines Offer

JetBlue Airways Corp. is continuing its quest to buy Spirit Airlines Inc., increasing its offer and strengthening its commitment to divest itself of assets to get regulatory approval for the deal.

JetBlue boosts offer to buy Spirit Airlines

MIRAMAR, Fla.--(BUSINESS WIRE)--Spirit Airlines, Inc. (“Spirit” or the “Company”) (NYSE: SAVE), today confirmed receipt of a revised proposal from JetBlue Airways ("JetBlue") (Nasdaq: JBLU) to acquire all of the outstanding shares of Spirit's common stock. Consistent with its fiduciary duties, the Spirit Board of Directors will work with its financial and legal advisors to evaluate JetBlue's revised proposal and pursue the course of action it determines to be in the best interests of Spirit and

Spirit Airlines Board of Directors to Review Revised Proposal from JetBlue

JetBlue Airways Corp on Monday further improved its offer to acquire takeover target Spirit Airlines by $2 to $33.50 per share in cash following its following completion of its diligence review.

JetBlue sweetens offer for Spirit to $33.50 per share

NEW YORK--(BUSINESS WIRE)--JetBlue Further Improves Proposal to Acquire Spirit

JetBlue Further Improves Proposal to Acquire Spirit

Earlier this year, Frontier Group Holdings Inc (NASDAQ: ULCC) agreed to buy Spirit Airlines (NYSE: SAVE) for $2.9 billion in cash and stock.  Neither of those airlines provides long international flights but are two of the cheapest domestic flight providers in the US.

How Spirit Stock Will Perform As Travel Prices Soar: What Potential Mergers May Mean

Spirit Airlines is being squeezed on all sides, by two carriers that want to acquire it, and by regional carriers who have dramatically

How Spirit Airlines Gets Squeezed Not Only By JetBlue And Frontier, But Also By New Regional Pilot Contracts

JetBlue recently sweetened its offer for Spirit to include a $350 million reverse break-up fee.

Spirit Airlines says it will decide on competing JetBlue, Frontier bids before the end of June

Spirit Airlines Inc. SAVE, -4.67% said Tuesday it continues to be bound to its merger agreement with Frontier Group Holdings Inc. ULCC, -7.26% , which it views as a superior proposal to a rival June 6 offer from JetBlue Airways Corp. JBLU, -11.43% . Spirit Airlines CEO Ted Christie said the carrier is giving access to the same due diligence information to both Frontier and JetBlue, on the same terms.

Spirit Airlines continues to see Frontier offer as superior to JetBlue, with shareholder vote on June 30

Spirit Airlines Inc said on Tuesday it was in talks with JetBlue Airways Corp about a sweetened buyout proposal from the bigger peer.

News for Spirit Airlines Stock (SAVE)