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.

Spirit Airlines Inc (NYSE: SAVE) shares are trading lower Monday after the company rejected JetBlue Airways Corp's (NASDAQ: JBLU) proposal and said it will proceed with its previously-announced merger agreement with Frontier Group Holdings Inc (NASDAQ: ULCC). Both Frontier.

Why Spirit Airlines Stock Is Grounded Today

JetBlue Airways

Frontier Group Holdings

Spirit Airlines Inc.'s decision to stick with the plan to merge with Frontier Group Holdings Inc. was welcomed by Wall Street analysts on Monday, as they reiterated concerns about regulatory risk if the ultra low-cost air carrier were to accept JetBlue Airways Corp.'s offer.

Spirit Airlines rebuffs JetBlue and sticks with plan to merge with Frontier

Spirit Airlines is choosing Frontier Group over JetBlue. Here's why this is good news for investors and why SAVE stock will rise.

Why Is Spirit Airlines (SAVE) Stock Down Today?

Ultra low cost carrier Spirit Airlines on Monday rejected JetBlue Airways' $33-per-share takeover offer, saying it had a low likelihood of winning approval from government regulators.

Spirit shares plunge after airline rejects JetBlue offer on antitrust risks

The board is sticking with Frontier, despite a higher offer from JetBlue.

Why Spirit Airlines Is Losing Altitude Today

Spirit's deal with Frontier is expected to close in the second half of 2022.

Spirit Airlines Turns Down Sweetened JetBlue's Offer. It Will Stick With Frontier's Bid.

Under JetBlue's proposal, Spirit shareholders would be offered $33 per share in cash per common share, a 47% premium to the value of Frontier's transaction as of April 29 and a 52% premium to Spirit's stock price as a Feb. 4.

Spirit snubs JetBlue's $3.6B takeover bid, prefers Frontier

Spirit Airlines Inc.'s board SAVE, -9.36% on Monday reiterated its support for its proposed merger with Frontier Group Holdings Inc. ULCC, -3.77% and said it has unanimously determined that a competing bid from JetBlue Airways Corp. JBLU, +2.63% does not constitute a "superior offer." "Spirit continues to believe in the strategic rationale of the proposed merger with Frontier and is confident that it represents the best opportunity to maximize long-term shareholder value," Mac Gardner, chairman of the Spirit board, said in a letter to JetBlue.

Spirit Airlines reiterates support for Frontier merger, rejects JetBlue offer

Spirt Airlines reiterated Monday its support for a merger with Frontier Airlines, saying it concluded a competing offer from JetBlue Airways involved excessive regulatory risk.

Spirit Airlines favors Frontier deal, rejects JetBlue bid

Spirit Airlines Turns Down JetBlue's Offer. It Will Stick With Frontier's Bid.

Spirit Airlines Inc.'s board SAVE, -3.36% on Monday reiterated its support for its proposed merger with Frontier Group Holdings Inc. ULCC, -0.09% and said it has unanimously determined that a competing bid from JetBlue Airways Corp. JBLU, -3.51% does not constitute a "superior offer." "Spirit continues to believe in the strategic rationale of the proposed merger with Frontier and is confident that it represents the best opportunity to maximize long-term shareholder value," Mac Gardner, chairman of the Spirit board, said in a letter to JetBlue.

Spirit Airlines board reiterates support for merger with Frontier, rejects offer from JetBlue

Board Unanimously Determined JetBlue Proposal Does Not Constitute a 'Superior Proposal' Company Intends to Continue Advancing Toward Completion of Transaction with Frontier Airlines MIRAMAR, Fla. , May 2, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today announced that its Board of Directors (the "Board"), in consultation with outside financial and legal advisors, has unanimously determined that the unsolicited proposal received from JetBlue Airways ("JetBlue") (NASDAQ: JBLU) does not constitute a 'Superior Proposal' as defined in Spirit's merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., because it has determined that the proposed transaction is not reasonably capable of being consummated.

Spirit Airlines Board of Directors Reiterates Support for Merger with Frontier Airlines

NEW YORK--(BUSINESS WIRE)--JetBlue enhances offer for Spirit Airlines.

JetBlue Submits Enhanced Superior Proposal to Acquire Spirit

Both JetBlue and Frontier have their sights set on Spirit.

Why It's a Great Time to Be a Spirit Airlines Shareholder

MoneyGram

R1 RCM Inc

Zurn Water Solutions Corp

NEW YORK , April 26, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: R1 RCM Inc. (NASDAQ: RCM)'s merger with Cloudmed. Upon closing of the merger, R1 shareholders are expected to own approximately 70% of the combined company on a fully diluted basis while Cloudmed equity holders are expected to own approximately 30%.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates RCM, SAVE, ZWS, MGI

American Airlines

Marriott

Norwegian Cruise Line

Could travel stocks be poised for growth as demand for travel surges?

4 Top Travel Stocks To Watch In The Stock Market Today

Spirit offers More Go starting April 20, connecting the mountains of the Granite State with the beaches of the Grand Strand. MANCHESTER, N.H.

Spirit Launches Myrtle Beach from Manchester, Marking the Airport's First Nonstop to South Carolina

Spirit to add more than 50 jobs at George Bush Intercontinental Airport Photos available HERE MIRAMAR, Fla. , April 20, 2022 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced a commitment to deepen its roots in Houston with the addition of an aircraft maintenance facility at George Bush Intercontinental Airport (IAH).

Spirit Airlines Strengthens Houston Ties With New Aircraft Maintenance Facility

Spirit Airlines Inc will cut back on flights in the coming months in a bid to avoid any weather-related disruptions as airlines struggle to meet a spike in demand, the Wall Street Journal reported https://www.wsj.com/articles/spirit-cuts-some-spring-summer-flights-to-head-off-disruptions-11650384012 on Tuesday.

Spirit Airlines trims spring, summer schedule to avoid disruptions - WSJ

Spirit Airlines Inc. said it is cutting back on flights in the coming months, seeking to insulate its operations from weather disruptions and prevent the kind of cascading cancellations that have marred its operation recently.

The Wall Street Journal: Spirit Airlines cuts some spring, summer flights to head off weather disruptions

CACI

Cracker Barrel Old Country Store

Hecla Mining

Home Point Capital

CarMax

If you're concerned about which stocks to sell, these analyst downgrades might give you a clue as to what to expect next. The post 7 Stocks to Sell if You Believe These Analyst Downgrades appeared first on InvestorPlace.

7 Stocks to Sell if You Believe These Analyst Downgrades

Spirit (SAVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Spirit (SAVE) Report Negative Q1 Earnings? What You Should Know

Huttig Building Products

NEW YORK , April 13, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: 8i Acquisition 2 Corp. (NASDAQ: LAX)'s  merger with EUDA Health Limited. If you are an 8i Acquisition shareholder, click here to learn more about your rights and options.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates LAX, ZWS, MGI, SAVE, HBP

JetBlue Airways and Frontier Group are in a tug of war for low-cost carrier Spirit Airlines, as U.S. airlines jostle for a larger share of the rebounding leisure travel market to better compete with legacy carriers.

Factbox-JetBlue, Frontier in high-stakes battle for budget airline Spirit

Buying Spirit Airlines would have clear advantages for JetBlue, but it's far from being a no-brainer.

News for Spirit Airlines Stock (SAVE)