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

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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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

Frontier Group Holdings

Board Conducting Thorough Process Focused on Value and Certainty; Will Provide Update to Stockholders Ahead of Scheduled June 30 Vote MIRAMAR, Fla. , June 14, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today issued the following update regarding its ongoing discussions with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., and JetBlue Airways Corporation ("JetBlue") (NASDAQ: JBLU): Ted Christie, President and CEO of Spirit, said, "Consistent with its fiduciary duties, Spirit's Board of Directors is engaging in discussions with JetBlue with respect to the proposal received on June 6, 2022 and is also continuing to work with Frontier under the terms of the existing merger agreement between Spirit and Frontier.

Spirit Airlines Provides Update on Discussions with Frontier and JetBlue

Twenty South Florida charitable organizations receiving support MIRAMAR, Fla. , June 13, 2022 /PRNewswire/ -- The Spirit Charitable Foundation announces it has pledged $1 million to a total of 44 non-profit organizations throughout the U.S., Latin America and the Caribbean for 2022.

The Spirit Charitable Foundation Commits $1 Million to 44 Non-Profit Organizations in 2022

Spirit Airlines (NYSE: SAVE) has been in the news lately prompting the shares to gain over 26% in the last.

JP Morgan names Spirit Airlines a tactical trade due to possible merger

Spirit Airlines Inc's acquisition by JetBlue Airways Corp has become a "growing probability", according to analysts at JPMorgan.

JPMorgan sees 'growing probability' of a Spirit-JetBlue deal

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Why Airline Stocks Are Tumbling Today

Spirit Airlines Incorporated  (NYSE:SAVE) just scored an upgrade from J.P.

Spirit AiIrlines Stock Pops on Fresh Analyst Upgrade

The hopes of a merger should shield Spirit Airlines from the pressures currently facing the industry.

Spirit Gets an Upgrade. Even if a Deal Doesn't Happen, the Stock Still Wins.

Pilots at Spirit Airlines, a merger target for two potential acquirers, offered Wednesday to open contract talks early in an effort to face Spirit's severe pilot attrition.

Spirit Pilots Offer To Open Contract Talks Early In Effort To Stem Attrition

Spirit Airlines has postponed its Friday shareholder meeting where it was expected to vote on the proposed merger agreement with Frontier Group Holdings.

Spirit Airlines postpones shareholder meeting on Frontier deal as merger talks with JetBlue continue

NEW YORK--(BUSINESS WIRE)--JetBlue Comments on Spirit's Postponement of Special Meeting

JetBlue Comments on Spirit's Postponement of Special Meeting

The special meeting has been moved to June 30 so Spirit's board can continue talks with Frontier and JetBlue.

Spirit Delays Special Meeting So It Can Further Discuss Frontier and JetBlue Offers

Spirit Airlines is postponing its Friday shareholder meeting until June 30 so it can continue talks with stockholders, Frontier Airlines and JetBlue Airways.

Spirit Airlines shareholder meeting postponed until June 30 to continue deal talks

Spirit Airlines Inc said on Wednesday it has postponed to June 30 a shareholder meeting to vote on the proposed merger agreement with Frontier Group Holdings Inc.

Spirit Airlines delays shareholder vote on Frontier deal to June 30

Spirit Airlines Inc. SAVE, +2.12% said Wednesdy it is postponing the special shareholder meeting relating to its proposed merger with Frontier Airlines Inc. ULCC, +1.76% to June 30 at 9 a.m. Eastern. The move will allow the carrier's board continue talks with its shareholders, as well as with Frontier and JetBlue Airways Corp. JBLU, -0.09% , which has launched an unsolicited competitive bid for the company.

Spirit Airlines postpones special shareholder meeting on Frontier deal to June 30 to allow for more talks with JetBlue

MIRAMAR, Fla.--(BUSINESS WIRE)--Spirit Airlines, Inc. (“Spirit” or the “Company”) (NYSE: SAVE) today announced that it postponed its Special Meeting of Stockholders (the “Special Meeting”) relating to the proposed merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., until June 30, 2022 at 9 AM ET. The Special Meeting was postponed to allow the Spirit Board of Directors to continue discussions with Spirit stockholders, Fronti

Spirit Airlines Postpones Special Meeting of Stockholders Until June 30, 2022

Frontier Airlines and JetBlue Airways are competing to buy Spirit Airlines, but the "higher" offer might not be the best one.

Spirit Airlines: Why I Voted for the Frontier Merger

The offer now includes a $350 million breakup fee, $150 million more than the breakup fee JetBlue originally proposed.

JetBlue has increased its offer for Spirit Airlines, ramping up the bidding war with Frontier ahead of a shareholder vote

Shares of SAVE stock closed higher by 7% after JetBlue raised its reverse break-up fee to $350 million from $200 million. The post SAVE Stock Gets Air as JetBlue Ups Bid for Spirit Airlines (Again) appeared first on InvestorPlace.

SAVE Stock Gets Air as JetBlue Ups Bid for Spirit Airlines (Again)

JetBlue on Monday improved its offer for smaller rival Spirit Airlines in an attempt to outstrip competition in the race to buy the low-cost carrier.

JetBlue increases offer for Spirit Airlines as bidding war heats up

JetBlue Airways Corporation (NASDAQ: JBLU) seems to have no plans of giving up on Spirit Airlines Inc (NYSE: SAVE). On Monday, it sweetened its proposal to buy the ultra-low-cost air carrier to $31.50 a share.

JetBlue CEO on sweetened Spirit proposal: ‘this can get done'

The bidding war over Spirit Airlines is ramping up again with JetBlue boosting its offer for the discount carrier just days after rival Frontier upped its own bid for Spirit.

JetBlue sweetens offer for Spirit Airlines as bidding war heats up

NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today released a letter and video message to Spirit (NYSE: SAVE) Team Members who are following the upcoming shareholder vote and JetBlue's proxy campaign. The message was released to ensure that Spirit Team Members are aware of JetBlue's commitment to them should a combination with Spirit move forward: Hello Spirit Team Members, It's been a very busy few months in the airline industry, especially for both of our companies. We know this process

In Message to Spirit Team Members, JetBlue Commits to More Jobs, Better Pay, No Furlough Policy, and Career Development

JetBlue is upping the ante in its battle to acquire the discount airline.

Why Spirit Airlines Shares Are Taking Off Today

JetBlue Airways Corp. JBLU, +0.72% raised its offer for Spirit Airlines Inc. SAVE, +6.32% on Monday and urged the board to negotiate with it in good faith in the latest move in the three-way battle for the discount airline.

JetBlue is now offering Spirit Airlines a $350 million breakup fee in latest move in 3-way battle with Frontier

JetBlue is getting more aggressive in its quest for Spirit Airlines, Inc. and the latest move comes just days before shareholders are supposed to vote on Frontier's bid.

News for Spirit Airlines Stock (SAVE)