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?

Spirit (SAVE) Up 1.1% Since Last Earnings Report: Can It Continue?

Spirit Airlines Inc.: Share Price Weakness Is A Buying Opportunity

Spirit Airlines' (SAVE) decision to fortify its footprint in Tampa is strategic as the place is an attractive tourist hub.

Spirit Airlines Expands in Tampa to Boost Winter Travel

Florida’s Hometown Airline celebrates Tampa growth and commitment to the community with new ZooTampa partnership Florida’s Hometown Airline celebrates Tampa growth and commitment to the community with new ZooTampa partnership

Spirit Airlines Grows in Tampa with New Service to New York, Newark, Indianapolis and Nashville

Airbus SE

After flirting with several other aircraft types, the budget carrier decided to maintain a single-fleet-type strategy for the foreseeable future.

Spirit Airlines Sticks With the Airbus A320neo for Growth

Spirit Airlines, Inc. (SAVE) CEO Ted Christie on Q3 2019 Results - Earnings Call Transcript

Spirit Airlines said it is working with Airbus SE  and trade representatives to mitigate the impact of U.S. tariffs on European-made aircraft but does not see a near term impact on its overall cost structure.

Spirit says working with Airbus, trade representatives on tariff impact

Despite operational miscues and softening demand causing its profits to fall last quarter, Spirit Airlines had expected worse results.

Spirit Airlines Earnings: Not Good, but Better Than Feared

At list prices the deal would be worth around $12 billion to the European plane-maker.

Airbus to sell 100 jets to US carrier Spirit Airlines

Spirit (SAVE) delivered earnings and revenue surprises of 3.94% and 0.31%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Spirit (SAVE) Q3 Earnings and Revenues Surpass Estimates

Spirit signs memorandum of understanding with Airbus to add a mix of Airbus A319neo, A320neo, and A321neo aircraft to continue Spirit’s growth and sustain one of the youngest, most fuel-efficient fleets in the U.S. Spirit signs memorandum of understanding with Airbus to add a mix of Airbus A319neo, A320neo, and A321neo aircraft to continue Spirit’s growth and sustain one of the youngest, most fuel-efficient fleets in the U.S.

Spirit Airlines Announces Upcoming Order of 100 Airbus A320neo Family Aircraft

U.S. budget carrier Spirit Airlines  is close to agreeing a provisional deal to order as many as 100 single-aisle aircraft worth up to $12 billion at recent catalogue prices from Airbus , industry sources said.

Spirit Airlines close to agreeing major Airbus order: sources

Spirit plans to add 225 more jobs and move 1,000 Miramar-based employees to a new state-of-the-art campus in Dania Beach, Florida, in 2022 Spirit plans to add 225 more jobs and move 1,000 Miramar-based employees to a new state-of-the-art campus in Dania Beach, Florida, in 2022

Spirit Airlines announces new $250 million global headquarters investment near Fort Lauderdale-Hollywood International Airport

MIRAMAR, Fla., Oct.  16, 2019  (GLOBE NEWSWIRE) -- Just in time for spring break,   Spirit Airlines  (NYSE: SAVE) is giving Guests more ways to escape the cold for Mexico’s Riviera Maya. America’s fastest growing airline will expand its nonstop service to Cancun from five new cities in the U.S., including Pittsburgh, Cleveland, Austin, Nashville and Philadelphia. These new flights will begin operating in February and March 2020, bringing new options to one of the world’s best leisure destinations. Spirit’s expansion in Cancun will make it the largest ultra-low cost carrier at the airport with eight flights a day.

More Go to Mexico! Spirit Airlines Adds New Nonstop Service to Cancun

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Spirit Airlines stock has been beaten down over the past few months, due to the company's weak forecast for the third quarter. However, the stock started to recover on Friday after Spirit boosted its quarterly guidance.

Spirit Airlines Stock Rebounds on Better-Than-Feared Guidance Update

Fastenal

Spirit removes some pessimism from its forecast, and Fastenal drives growth with vending machines.

Stock Market News Today: Oct. 11, 2019

Finally, after a challenging 2019, investors received some good news ahead of the company's third-quarter earnings, which are due out later this month.

Why Spirit Airlines Jumped 11% Friday Morning

Spirit Airlines (SAVE) expects fuel costs per gallon in third-quarter 2019 to be lower than what was projected earlier.

Spirit (SAVE) Stock Up on Improved Q3 Unit Revenue View

MIRAMAR, Fla., Oct.  10, 2019  (GLOBE NEWSWIRE) -- Nashville’s newest airline is already expanding!   Spirit Airlines  (NYSE: SAVE) starts service to the Music City today with nonstop flights to Baltimore/Washington, Fort Lauderdale, Las Vegas, New Orleans and Orlando, as well as Tampa beginning November 5, 2019. To celebrate its inaugural day at Nashville International Airport, Spirit is announcing even more service, including nonstop flights to Austin, Cancun, Newark and Los Angeles beginning early next year. The airline will also increase its flights to Orlando, giving the people of Nashville more options and lower fares to the some of the best vacation destinations in the world.  Tickets are on sale now at  www.spirit.com . 

Spirit Airlines Begins Service to Nashville, Announces New Flights to Top Vacation Destinations

The ultra-low cost carrier has expanded dramatically in Puerto Rico over the past year, and more growth is coming in the months ahead.

Spirit Airlines Plans More Growth in Puerto Rico

MIRAMAR, Fla., Oct.  09, 2019  (GLOBE NEWSWIRE) --  Spirit Airlines  (NYSE: SAVE) is bringing “More Go” to Austin with three new destinations and even more flights to America’s top leisure destinations!  Beginning February 26, 2020, America’s fastest growing airline will offer nonstop service from Austin to Cancun, Mexico and will add additional flights to Orlando. Spirit will also start nonstop service to Nashville and Newark on March 26, 2020.

Bringing More “Spirit” to Austin: America’s Fastest Growing Airline Adds Three New Destinations

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SkyWest

Southwest Airlines' decision to leave Newark Liberty International Airport opened up the gates for many airlines looking to gain additional routes. United Airlines is probably happy that the FAA has said "not so fast.

FAA Announces Newark Guidance as Southwest Departs

MIRAMAR, Fla., Oct.  04, 2019  (GLOBE NEWSWIRE) --  Spirit Airlines  (NYSE: SAVE) continues to bring “More Go” to The Island of Enchantment with two new destinations and more flights on existing routes to San Juan, Puerto Rico! Beginning December 19, 2019, Spirit will offer daily nonstop service from Newark Liberty International Airport and Boston Logan International Airport to San Juan’ Luis Muñoz Marín International Airport. Spirit will also add an additional daily flight between Philadelphia International Airport on March 1, 2020.

Even More Go in Puerto Rico! Spirit Announces Two New Destinations from San Juan

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News for Spirit Airlines Stock (SAVE)