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

Why Is Spirit (SAVE) Down 13.6% Since Last Earnings Report?

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Spirit Airlines cut Q3'21 guidance after a period of strong rebounds from the covid lows in 2020. The airline had to cut nearly 3,000 flights in early August due to internal issues.

Spirit Airlines: Overlook Recent Hiccups

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Canceling nearly 3,000 flights in the span of 11 days will have a devastating impact on the budget carrier's third-quarter earnings.

Spirit Airlines Slashes Guidance After Operational Meltdown

Spirit Airlines (SAVE) expects substantial impact on its revenues in the third quarter due to irregular operations as a result of adverse weather and airport staffing shortages.

Spirit Airlines (SAVE) Cuts Q3 View on Operational Disruptions

Spirit says its operational meltdown cost around $50 million - the airline is predicting future losses of up to $100 million in the third quarter.

Spirit CEO says the airline's recent operational meltdown doesn't reflect 'systemic issues.' These employees disagree.

The shares of Spirit Airlines Incorporated   ( NYSE:SAVE) are up 1.4% to trade at $24.61 at last check, making a comeback from an earlier dip despite news that the low-cost carrier lost $50 million due to operational problems.

Spirit Airlines Stock Draws Bear Notes After Slashing Forecast

Spirit Airlines' apparent bungling of bookings that led to thousands of canceled flights and tens of thousands of stranded customers.

Spirit Airlines' thousands of canceled flights cost company $50M

Spirit Airlines said Monday the cancellation of more than 2,800 flights over an 11-day stretch this summer cost the budget airline about $50 million in lost revenue and caused spending to soar.

Spirit Air says canceled flights cost $50M, hurt bookings

Spirit Airlines lost tens of millions of dollars in its spate of flight cancellations and delays this month, according to an SEC filing.

Spirit Airlines says flurry of flight cancellations cost firm $50 million so far

Spirit Airlines said Monday that its recent massive flight disruptions due to staffing shortages, bad weather and technical problems cost it about $50 million in revenue.

Spirit Airlines says operational meltdown cost it about $50 million, cuts third quarter schedule

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The Department of Transportation has reportedly "reminded" Spirit of the federal laws protecting passengers whose flights have been canceled.

Spirit Airlines' week-long meltdown has reportedly caught the attention of the US government

Spirit Airlines has cancelled more than 2,000 flights since late July after staffing shortages, storms and other issues disrupted its operation.

Spirit Airlines stabilizes after more than a week of travel chaos

Spirit Airlines Incorporated (NYSE: SAVE) is facing a nightmare scenario as the budget carrier canceled more than 1,700 flights since the beginning of this week and will continue to cancel flights through the weekend. What Happened: Spirit's crisis began to overheat on Tuesday and Wednesday with more than 60% of its flights being canceled, according to USA Today, while on Thursday it canceled 56% of its flights.

What's Causing Spirit Airlines' Massive Flight Cancellations?

After problems with bad weather, system outages, and staff shortages, Spirit Airlines doubled pay for flight attendants willing to take extra shifts.

Spirit is offering double pay to flight attendants amid the 'perfect storm' that's led to hundreds of flight cancellations

Spirit Airlines CEO says the company expects to "turn a corner" after hundreds of cancellations.

'We just couldn't get in front of it.' Spirit Airlines CEO explains what caused the carrier's meltdown

Carrier has canceled about half of its scheduled flight since Sunday

The Wall Street Journal: Spirit Airlines CEO apologizes for mass flight cancelations

Spirit Airlines canceled more than half its flights Thursday in a fifth straight day of disruptions, despite saying cancellations would fall by then.

Spirit Airlines has canceled more than half of its flights on Thursday, marking 5 straight days of disruptions

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For airline stocks, sentiment matters more than technical levels, says JC O'Hara of MKM Partners.

Airline stocks are close to 'max fear' — and it could be the best time to buy, trader says

Spirit has canceled more than 1,700 flights since last weekend due to staffing shortages, technology problems and bad weather.

Spirit Airlines cancels nearly half of Thursday flights as travel chaos enters fifth day

Spirit Airlines canceled or delayed more than half of its flights as disruptions continued for a fourth day.

Spirit Airlines cancels nearly half its flights to 'reboot' operation, vows to learn from disruptions

The Spirit Airlines delays were down to a combination of bad weather, staff shortages, and system outages, a Spirit spokesperson told CBS News.

News for Spirit Airlines Stock (SAVE)