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.

JetBlue Airways

MIRAMAR, Fla.--(BUSINESS WIRE)--Spirit Airlines, Inc. (“Spirit” or the “Company”) (NYSE: SAVE), today confirmed receipt of an updated 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 proposal and pursue the course of action it determines to be in the best interests of Spirit and its st

Spirit Airlines Board of Directors to Review Updated Proposal from JetBlue

JetBlue Airways Corp said on Monday the airline has submitted an improved proposal to acquire Spirit Airlines Inc.

JetBlue submits improved proposal to buy Spirit

NEW YORK--(BUSINESS WIRE)--JetBlue Submits Improved Superior Proposal to Acquire Spirit

JetBlue Submits Improved Superior Proposal to Acquire Spirit

Spirit (SAVE) reported earnings 30 days ago. What's next for the stock?

Why Is Spirit (SAVE) Up 2% Since Last Earnings Report?

Spirit Airlines (SAVE) and Frontier decide on a $250-million reverse termination fee in the event of their merger deal failing to get regulatory approvals.

Spirit Airlines (SAVE)-Frontier Add Break-Up Fee to Merger Deal

.“The history of a higher cost airline merging with a lower cost company is not great," says Frank Lorenzo, questioning whether regulators would approve JetBlue/Spirit.

Airline Industry Pioneer Frank Lorenzo Says JetBlue/Spirit Deal Would Raise Costs. JetBlue Says Consumers Would Win

Shares of Spirit Airlines Inc. SAVE, +3.99% fell 1.2% in premarket trading Friday, after the air carrier said independent proxy advisor Glass, Lewis & Co. recommended that Spirit shareholders vote for the Frontier Group Holdings Inc. ULCC, +0.59% buyout deal. Frontier's stock rose 0.7% and JetBlue Airways Corp. shares JBLU, +2.83% eased 0.1%.

Spirit stock falls after Glass Lewis urges shareholders to approve Frontier merger deal

Frontier Group Holdings

Proxy advisory firm Glass Lewis on Friday recommended Spirit Airlines investors approve Frontier Group Holdings Inc's $2.9 billion acquisition bid, saying it was the "best available" at this time.

Glass Lewis recommends Spirit shareholders approve Frontier acquisition

MIRAMAR, Fla.--(BUSINESS WIRE)--Spirit Airlines, Inc. (“Spirit” or the “Company”) (NYSE: SAVE) today announced that leading independent proxy advisory firm Glass, Lewis & Co. (“Glass Lewis”) has recommended that Spirit stockholders vote FOR the proposed merger with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc. “We are pleased that Glass Lewis supports our Board's unanimous recommendation to vote FOR the merger with Frontier,” said Ted C

Spirit Airlines Announces Glass Lewis Recommendation that Stockholders Vote FOR the Proposed Merger with Frontier

Frontier offers to pay Spirit Airlines $250 million in the event that the transaction fails to get regulatory approval.

Frontier Sweetens Offer for Spirit in the Latest Salvo for the Budget-Conscious Airline

As Frontier and JetBlue wrestle over who'll buy their rival, Spirit shares seem to be sitting pretty.

Spirit Airlines Bidding War: Is Now Time to Buy?

The battle to snap up Spirit Airlines is heating up. Frontier Group Holdings Inc has agreed to pay a break-up fee of $250 million in a bid to salvage its $2.9 billion acquisition of Spirit Airlines.

Spirit Airlines, JetBlue lock horns over takeover

JetBlue Airways' long-planned $3.8 billion acquisition of ultra-low cost carrier Spirit Airlines gets blocked by a federal judge on concerns the merger was anticompetitive and would harm consumers.

US judge blocks JetBlue's $3.8 billion deal for Spirit Airlines

Frontier Airlines will pay Spirit Airlines Inc. a $250 million breakup fee if regulators block a merger between the two carriers, under a new agreement by the companies Thursday.

The Wall Street Journal: Frontier Airlines to pay Spirit $250 million breakup fee if deal falls through

Reverse Termination Fee of $250 Million Offers Greater Stockholder Protections DENVER and MIRAMAR, Fla. , June 2, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) and Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., today announced an amendment to their previously announced merger agreement dated February 5, 2022.

Frontier Airlines and Spirit Airlines Announce Amended Merger Agreement

NEW YORK (Reuters) -Frontier Group Holdings Inc has agreed to offer a break-up fee in a bid to secure its $2.9 billion acquisition of Spirit Airlines Inc, people familiar with the matter said on Thursday.

Exclusive-Frontier to offer break-up fee in acquisition of Spirit Airlines -sources

Frontier Airlines' parent company said it would pay a $250 million reverse breakup fee to Spirit Airlines if regulators don't approve the planned merger.

Frontier offers $250 million reverse breakup fee if regulators block Spirit merger

SUNNYVALE, Calif. , June 1, 2022 /PRNewswire/ -- Spirit Airlines and Uplift, the only enterprise Buy Now Pay Later (BNPL) solution serving the world's top travel brands, today announced both an extended partnership and a limited-time offer of interest-free installments for qualified Guests to pay over time.

Spirit Airlines Offering Interest-Free Payment Installment Options With Uplift Partnership Now Through June 15

Proposed acquisition of Spirit Airlines by both Frontier and JetBlue will face scrutiny from the Department of Justice. Antitrust expert Glenn Pomerantz thinks that either deal has a good likelihood for approval.

Antitrust Merger Expert Says Spirit Acquisition By Frontier Or JetBlue Likely To Be Approved

Spirit Continues to Unanimously Recommend Stockholders to Vote FOR the Merger on the WHITE Proxy Card ISS Focus on JetBlue Reverse Termination Fee Proposal Fails to Adequately Weigh the Lengthy Timetable and Elevated Business Disruption Risk of JetBlue Transaction ISS Also Acknowledges "Robust Strategic Rationale" of Frontier-Spirit Transaction and "Easier Glide Path to Obtain Regulatory Approval" ISS Points Out the "Defensive" and "Opportunistic" Nature of JetBlue Proposal and Recommends Spirit Stockholders DO NOT VOTE on JetBlue Proxy Card MIRAMAR, Fla. , May 31, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today commented on a report from Institutional Shareholder Services ("ISS") regarding the Company's definitive merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc. "We disagree with ISS' recommendation against the Frontier-Spirit merger, which we continue to believe is in the best interest of Spirit stockholders.

Spirit Airlines Disagrees with ISS Recommendation on Proposed Transaction with Frontier

The proxy firm, however, doesn't directly recommend Spirit shareholders to accept JetBlue's sweetened offer.

Proxy Firm ISS Says Spirit Shareholders Should Reject Frontier Offer

Today, investors in SAVE stock appear to be cheering news that a proxy firm has suggested voting down Frontier Group's takeout offer. The post Why Is Spirit Airlines (SAVE) Stock Climbing Today?

Why Is Spirit Airlines (SAVE) Stock Climbing Today?

Shares of Spirit Airlines Inc. SAVE, +2.05% rallied 2.4% in midday trading while JetBlue Airways Corp. JBLU, -0.18% was little changed, after after independent proxy advisor Institutional Shareholder Services (ISS) recommended Spirit shareholders reject the buyout deal with Frontier Group Holdings Inc. ULCC, +1.91% . Meanwhile, Frontier shares climbed 2.2%.

Spirit Airlines stock rallies after ISS recommends shareholders reject Frontier buyout bid

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

ISS urges Spirit shareholders to pick JetBlue offer over Frontier

NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today announced that Institutional Shareholder Services (“ISS”), the leading independent proxy advisory firm, has issued a report recommending that Spirit (NYSE: SAVE) shareholders vote AGAINST the inferior, high-risk, and low-value Frontier transaction at Spirit's upcoming special meeting. “We are pleased that ISS recognized that our proposal offers Spirit shareholders superior value and has a clear path to completion,” said Robin Hayes, chief

News for Spirit Airlines Stock (SAVE)