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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Airlines, unions push for billions in additional federal aid to save airline jobs as layoffs loom

SAVE stock is a bargain for investors. Spirit Airlines is on the mend after managements cuts down on cash burn and builds up liquidity.

Spirit Airlines Is the Best Bargain in the Airline Industry

The COVID-19 pandemic is still negatively affecting airlines. Therefore, SAVE stock will likely face further headwinds in August

In August, SAVE Stock May See $15 Before $20

Spirit Airlines has the liquidity to survive but the risks are high. Even if you think SAVE stock will turn around, don't put much in it.

Spirit Airlines Is a Turnaround Play With Huge Risks

U.S. low-cost carrier Spirit Airlines is preparing to inform unions on Friday that 20% to 30% of workers including pilots and flight attendants may be furloughed in October, according to a memo from the CEO sent to employees on Tuesday.

Spirit Airlines says 20% to 30% of workers at risk of furloughs: CEO's memo

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Spirit Airlines: The First To Break Even

Spirit Airlines' (SAVE) CEO Ted Christie on Q2 2020 Results - Earnings Call Transcript

The discount passenger carrier will soon pour another 9 million shares onto the market.

Spirit Airlines Lost $144 Million in Q2, Will Replace Funds With a $155 Million Stock Sale

The pandemic took its toll last quarter, but the budget airline's performance toward the end of the period bodes well for the future.

COVID-19 Crushes Spirit Airlines' Earnings

MIRAMAR, Fla., July  22, 2020  (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NYSE: SAVE) today reported second quarter 2020 financial results.

Spirit Airlines Reports Second Quarter 2020 Results

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Impact of low fuel costs is likely to get reflected on Spirit Airlines' (SAVE) second-quarter 2020 rersults.

What's in Store for Spirit Airlines (SAVE) in Q2 Earnings?

Spirit Airlines has agreed to terms with the U.S. Treasury for a loan of up to $741 million.

Spirit Airlines: Too Much Liquidity

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Airline travel is bouncing back -- but so are American coronavirus cases. That spike could put the aviation rebound in reverse.

Airline bookings tumble again as coronavirus cases spike

Spirit (SAVE) closed the most recent trading day at $17.40, moving -1.86% from the previous trading session.

Spirit (SAVE) Stock Sinks As Market Gains: What You Should Know

American Airlines and four smaller carriers have reached agreement with the government for billions more in federal loans, a sign of the industry’s desperate fight to survive a downturn in air travel caused by the virus pandemic. The Treasury Department said Thursday that it had signed letters of intent for new loans to American, Spirit.

American Airlines, four other US carriers to receive billions more federal aid

Many U.S. carriers issue optimistic projections as they see a swell in new bookings.

News for Spirit Airlines Stock (SAVE)