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.

MILWAUKEE, Wis., Feb. 24, 2021 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced that Milwaukee is getting More Go on June 24, when the airline's yellow and black planes start taking off from Milwaukee Mitchell International Airport (MKE). Spirit will start up daily nonstop...

Milwaukee Welcomes Spirit Airlines, Gains New Daily Nonstop Routes to Popular Destinations

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Francis Chou (Trades, Portfolio), manager of Chou Associates Management, disclosed last week that his firm's top four sells during the fourth quarter of 2020 included the closure of its position in Spirit Airlines Inc. (NYSE:SAVE) and Allegiant Travel Co. (NASDAQ:ALGT) and a reduction in its holding of DaVita Inc. (NYSE:DVA) and Goldman Sachs Group Inc. (NYSE:GS).

Francis Chou's Top 4 Sells of the 4th Quarter

LOUISVILLE, Ky., Feb. 23, 2021 /PRNewswire/ -- America's Gateway to the South will be bright yellow, now that Spirit Airlines (NYSE: SAVE) is on the way. Today the airline announced plans to add Louisville—one of the fastest-growing cities in the country—to its route map with nonstop...

Spirit Airlines Lines Up for a Landing in Louisville

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WILMINGTON, Del. & AUSTIN, Texas--(BUSINESS WIRE)--Mercury Financial LLC (formerly CreditShop LLC), the leading non-bank credit card company in the United States, and Spirit® Airlines (NYSE: SAVE), announced today the launch of a co-branded credit card. The Free Spirit® Points Mastercard® will complement the carrier's new Free Spirit® loyalty program. This partnership highlights Mercury Financial's expansion into the co-branded credit card space for the near-prime segment. The Free Spirit® Poin

Mercury Financial LLC and Spirit Airlines Announce Launch of Co-Branded Credit Card

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Spirit plans to resume new pilot and flight attendant training courses next month for the first time since early in the pandemic.

Spirit Airlines is hiring pilots and flight attendants again in hopes of pandemic recovery

Spirit Airlines, Inc. (SAVE) CEO Ted Christie on Q4 2020 Results - Earnings Call Transcript

The carrier says the recovery will take longer than investors had hoped.

Why Spirit Airlines Stock Is Down Today

Spirit Airlines Incorporated (NYSE: SAVE) shares were trading lower Thursday after the airline landed two Wall Street analyst downgrades. The Analysts: Vertical Research analyst Darryl Genovesi downgraded Spirit from Buy to Hold and set a $34 price target.

Why 2 Spirit Airlines Analysts Are No Longer Bullish After Q4 Results

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Here's Why Sundial Growers, Spirit Airlines And Plug Power Are Moving

Spirit (SAVE) delivered earnings and revenue surprises of -11.81% and -4.47%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Spirit (SAVE) Reports Q4 Loss, Misses Revenue Estimates

MIRAMAR, Fla., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NYSE: SAVE) today reported fourth quarter and full year 2020 financial results.

Spirit Airlines Reports Fourth Quarter and Full Year 2020 Results

Spirit Airlines (NYSE:SAVE) will be releasing its next round of earnings this Wednesday, February 10. For all of the relevant information, here is your guide for Wednesday's Q4 earnings announcement.

Earnings Preview: Spirit Airlines

Positive news on the COVID-19 vaccine rollout could mean a faster-than-hoped uptick in demand.

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Earnings are bad, but they could have been a lot worse.

Why Airlines Shares Are Gaining Ground Today

Spirit of Texas (STXB) delivered earnings and revenue surprises of 60.00% and 16.07%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Spirit of Texas (STXB) Beats Q4 Earnings and Revenue Estimates

The shares of airlines and air travel companies are trading lower on Monday amid a volatile market session. The airline sector has been volatile amid COVID-19 vaccine rollout uncertainty.

Why Airlines Are Trading Lower Today

MIRAMAR, Fla., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Multi-platinum performer Brett Young will “Catch” an unforgettable flight to Florida as Spirit Airlines (NYSE: SAVE) and Mastercard announced plans today to celebrate the launch of the all-new Free Spirit® loyalty program and Free Spirit Mastercard with Brett Young: Live from the Runway . Young's performance will be the first-ever concert streamed worldwide from the runway of Fort Lauderdale-Hollywood International Airport—with planes speeding past as fast as the new Free Spirit, which is the fastest way to earn rewards and status.*

Spirit Airlines and Mastercard Present Brett Young's ‘Live from the Runway' Virtual Concert Celebrating New Free Spirit® Loyalty Program

Spirit unveils new credit cards to supercharge reward experience Spirit unveils new credit cards to supercharge reward experience

Spirit Airlines' Free Spirit® Loyalty Program Takes Off with Fastest Way to Earn Rewards and Status*

With passenger traffic down due to Covid-19 airlines like ultra-low cost carrier Spirit Airlines have struggled with falling sales.

Why ultra-low cost carrier Spirit Airlines is falling behind

Wall Street is worried investors are getting ahead of themselves.

Why Shares of Spirit Airlines Lost Altitude Today

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Airlines face a challenging wait for COVID-19 vaccines to end travel lockdowns, global industry body IATA said, as a recovery in traffic stalls and bookings dry up amid a resurgence of virus outbreaks and restrictions.

Airline traffic and bookings stall despite vaccine promise

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Sometimes, looking back provides clarity for what we should do moving forward. In that spirit, let's have a look at the worst investments of 2020.

News for Spirit Airlines Stock (SAVE)