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.

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Some of the airlines are coming back to earth after rocketing higher on Monday.

Why Shares of American Airlines, Spirit Airlines, and Hawaiian Are Down Today

Every week, Benzinga conducts a sentiment survey to understand what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. We recently surveyed a group of over 300 traders and investors on whether shares of Spirit Airlines Incorporated (NYSE: SAVE) or JetBlue Airways Corporation (NASDAQ: JBLU) would grow the most by 2025.

Will Spirit Airlines Or JetBlue Stock Grow More By 2025?

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As investors cheer on positive news of a coronavirus vaccine, four airport services and airline stocks that have high profitability, good five-year revenue growth and are modestly undervalued based on the GF Value are Spirit Airlines Inc. (NYSE:SAVE), Fraport AG (XTER:FRA), Atlas Air Worldwide Holdings Inc. (NASDAQ:AAWW) and Malaysia Airports Holdings Bhd (XKLS:5014) according to the All-in-One Screener, a Premium feature of GuruFocus.

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Sunken passenger revenues cause losses for the likes of Delta (DAL), United Airlines (UAL), American Airlines (AAL) and Southwest Airlines (LUV) in the third successive quarter.

Coronavirus Ruins Airlines' Q3 Earnings Too: Any Remedy Ahead?

Spirit may not be the first — or even the tenth — choice of most air travelers. But while the COVID-19 pandemic continues to buffet the financials of even the strongest, most popular airlines, the low-cost, no-frills carrier may be in a better place than any of its American competitors. The budget airline is "well-positioned to lead the industry recovery," analyst Michael Linenberg of Deutsche Bank wrote in a research note this week.

A Deutsche Bank analyst explains how Spirit Airlines' low-cost model puts it in the perfect spot to be the big winner of the pandemic (SAVE)

The budget airline narrowed its loss and slowed its cash burn last quarter, with further progress expected in the fourth.

Spirit Airlines' Q3 Results Prove Its Turnaround Potential

Spirit Airlines, Inc. (NYSE: SAVE) reported third-quarter results on Wednesday along with a "refreshingly differentiated" outlook for the fourth quarter, according to JPMorgan. The Analyst: Jamie Baker upgraded Spirit Airlines from Neutral to Overweight with a price target lifted from $19 to $25.

Spirit Airlines Analyst: Q4 Guidance 'Refreshingly Differentiated'

Spirit Airlines, Inc. (SAVE) CEO Ted Christie on Q3 2020 Results - Earnings Call Transcript

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Spirit's (SAVE) Q3 results were aided by significant reduction in operating expenses amid continued weakness in air-travel demand as a result of coronavirus.

Spirit (SAVE) Q3 Loss Narrower Than Expected, Shares Pop

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Sales came in ahead of estimates at both Spirit and Allegiant, and both discount airlines' executives have touted an increase in demand recently.

Budget airline shares jump on sunnier outlook for travel despite pandemic

MIRAMAR, Fla., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NYSE: SAVE) today reported third quarter 2020 financial results.

Spirit Airlines Reports Third Quarter 2020 Results

Trade body says fleets only 21% smaller than pre-pandemic because of focus on short-haul routes

Fixed costs to sink airlines unless governments intervene, IATA warns

Miami, Florida--(Newsfile Corp. - October 27, 2020) -  Global Crossing Airlines Inc. (TSXV: JET) (the "Company" or "GlobalX") has signed an initial agreement with Spirit Airlines (NYSE: SAVE), a U.S.-based airline that operates A320 family aircraft (including the new A320neo) and serves destinations across the U.S., Latin America and the Caribbean. Spirit will provide on-call and line maintenance for GlobalX, including daily and weekly checks, in support of the GlobalX fleet of A320 and A321...

Global Crossing Airlines Signs Maintenance Support Agreement with U.S.-based Spirit Airlines

The Free Spirit program and Spirit Airlines' co-branded credit cards are finally joining the modern age.

Spirit Airlines' New Loyalty Program Is a Long-Term Earnings Tailwind

Spirit offers program designed from scratch to serve everyone

Spirit Airlines Unveils All-New Free Spirit® Loyalty Program with the Fastest Way to Earn Rewards and Status

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.

Earnings Preview: Spirit (SAVE) Q3 Earnings Expected to Decline

Spirit Airlines CEO Ted Christie believes his airline will recover faster than the majors. Does that make SAVE stock the better buy?

Is Spirit Airlines a Better Buy Than All Four of the Majors?

Any significant improvement over EPS consensus of -$.2.70 in Q3 could result in shares breaking out.

Spirit Airlines: Shares Could Use Upcoming Earnings To Break Out Of Consolidation

Airline stocks have recovered little of their losses since the coronavirus pandemic. But SAVE stock has a path to a huge rally.

Spirit Airlines Stock Looks Like the Best Value in an Attractive Sector

Airline stocks are not the darling of the investment world, but these companies are doing well in reducing cash burn and costs. The post 3 Airline Stocks to Watch as Washington Debates Relief appeared first on InvestorPlace.

News for Spirit Airlines Stock (SAVE)