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

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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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 Airlines (SAVE) grapples with high operating costs and elevated capital expenditure. Low liquidity is another concern.

Here's Why Investors Should Avoid Spirit Airlines (SAVE) Now

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Higher payroll and other expenses are eating into airline profits despite strong travel demand. Airlines have ramped up U.S. capacity, forcing some carriers to discount fares in off-peak periods.

Air travel demand is breaking records. Airline profits are not

Raymond James analyst Savanthi Syth downgraded shares of Frontier and Spirit to Underperform from Market Perform.

Frontier and Spirt Airlines Get Downgrades. How the Rest of the Year Goes Is ‘As Clear as Mud.

Spirit's revenue is falling, and its operating losses continue. The company's massive debt burden creates tremendous financial risk.

Can Spirit Airlines Stock Reach $10 by 2030?

Appoints Aviation Industry Veteran Fred Cromer as Chief Financial Officer Dana Shapir Alviene Appointed to SVP, Inflight and Airport Experience and  Tomas Ranaldi  Promoted to VP, Financial Planning & Analysis DANIA BEACH, Fla., July 1, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced executive leadership updates including the appointment of Fred Cromer as Executive Vice President and Chief Financial Officer, effective July 8, 2024.

Spirit Airlines Announces Executive Leadership Updates

Spirit Airlines to offer the only nonstop flight from Birmingham (BHM) to Fort Lauderdale (FLL) this October Spirit photos and video available HERE DANIA BEACH, Fla., June 18, 2024 /PRNewswire/ -- Low-fare travel will take flight at Birmingham-Shuttlesworth International Airport (BHM) starting this fall.

Birmingham Travelers Gain New, Low-Fare Flights to South Florida with Spirit Airlines

Spirit is struggling in the wake of a failed takeover by JetBlue Airways and a Pratt & Whitney engine recall. CEO Ted Christie said the company isn't considering a chapter 11 bankruptcy filing.

Spirit Airlines isn't considering chapter 11, 'encouraged' by post-JetBlue plan, CEO says

Spirit Airlines' (SAVE) top line is bolstered by an uptick in air travel demand. However, high operating expenses and elevated capital expenditures are a major headwind.

Here's Why Investors Should Hold on to Spirit Airlines (SAVE)

Spirit Airlines (SAVE) announces the appointment of Brian McMenamy as its interim chief financial officer.

Spirit Airlines (SAVE) Appoints Interim Chief Financial Officer

Guests benefit from increased weight allowance for checked bags  and no change or cancel fees DANIA BEACH, Fla. , June 4, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced exciting new benefits for Guests that add value and provide greater flexibility.

Spirit Airlines Elevates the Guest Experience with New Enhanced Benefits and Industry-Leading Flexibility

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Spirit Airlines on Monday named Brian McMenamy as interim chief financial officer, effective June 14.

Spirit Airlines names Brian McMenamy as interim CFO

Appoints Brian McMenamy as Interim Chief Financial Officer  Current CFO Scott Haralson to Join Larger Publicly Traded Company Outside of Airline Industry as CFO  DANIA BEACH, Fla., June 3, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced that Brian McMenamy, Vice President and Controller, has been named as Interim Chief Financial Officer, effective June 14, 2024.

Spirit Airlines Announces CFO Transition

NEW YORK, NY / ACCESSWIRE / June 1, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Airlines, Inc. - SAVE

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NEW YORK , May 30, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Airlines, Inc. - SAVE

DANIA BEACH, Fla., May 24, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced the opening of a new crew base for Pilots at Newark Liberty International Airport (EWR) in September 2024, furthering the airline's investments to enhance operational reliability.

Spirit Airlines to Open New Crew Base for Pilots at Newark Liberty International Airport

Active-duty U.S. military service members, their spouses and children are entitled to two free checked bags and one free carry-on bag when traveling with the service member DANIA BEACH, Fla., May 24, 2024 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) is saluting our U.S. military service members and their families with the special thanks they deserve.

Spirit Airlines Expands U.S. Military Benefits to Include Spouses and Children

Proposed service would introduce low-fare competition and create the only nonstop service between Silicon Valley and Washington, D.C. DANIA BEACH, Fla.

Spirit Airlines and San José Mineta International Airport Partner in Bid for New, Low-Fare Service to Washington's Reagan National Airport

Spirit Airlines (NYSE: SAVE) stock price has become toxic and unwanted this year. It has crashed by over 76% this year and by over 92% in the past decade.

Buying Spirit Airlines (SAVE) stock is risky but shorting it is riskier

Spirit used to charge anywhere from $69 to $119 for ticket changes and cancellations, depending on how close to departure the customer made the change.

Spirit Airlines gets rid of change and cancellation fees, joining Frontier

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U.S. airlines are looking at fairly blue skies this summer, with legacy air carriers likely to fare better than low-cost airlines as they may catch tailwinds from the Paris Summer Olympics and the stronger demand for international travel.

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Spirit Airlines reported worsening profit margins in the first quarter. The company has a pile of debt it might struggle to pay back.

Spirit Airlines Stock Just Hit a New Low: Should You Buy the Dip?

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NEW YORK, NY / ACCESSWIRE / May 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Spirit Airlines, Inc. ("Spirit Airlines, Inc.") (NYSE:SAVE) concerning possible violations of federal securities laws. Spirit issued a press release announcing the Company's first quarter 2024 financial results on May 6, 2024.

News for Spirit Airlines Stock (SAVE)