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

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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.

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Spirit updated its first-quarter guidance, detailing the impact of payments coming from RTX over engine issues. The update appears to have sparked speculation of a potential buyout among investors, though there is no concrete evidence to back that up.

Why Spirit Airlines Stock Flew Higher at the Open Today

While Susquehanna analysts tend to like larger airlines, they're not fans of Spirit Airlines. Spirit is dealing with plane groundings due to an engine issue and the aftermath of its failed acquisition by JetBlue.

Spirit Airlines Stock Has 18% Downside, According to 1 Wall Street Analyst

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Spirit Airlines' stock valuation and price have been greatly impacted by the blocked merger with JetBlue. Despite this, there is potential for investment in Spirit Airlines due to the increasingly favorable market conditions. Airfare prices are increasing while the management team is focused on efficiency and profitability over growth.

Spirit Airlines: Beyond Merger, Turnaround Potential Exists

Spirit is deferring deliveries on Airbus aircraft and furloughing pilots to save money. Its proposed merger with JetBlue was blocked by the U.S. government.

Huge News for Spirit Airlines Stock

Spirit Airlines' (SAVE) deal with Airbus to defer aircraft deliveries will boost its liquidity by $340 million over the next two years.

Spirit Airlines (SAVE) Pushes Back Airbus Aircraft Deliveries

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Airbus SE

Spirit Airlines SAVE and Airbus have reached an agreement which allows the low-cost airline to defer deliveries of A320 aircraft scheduled for the second quarter of 2025 through 2026 by five years, from 2030-2031. This deferral will improve the airline's liquidity by around $340 million over the next two years.

Spirit Airlines Defers Airbus A320s—Why That Is Bad News For Boeing

Spirit Airlines (SAVE) announced it was delaying delivery of jets and furloughing pilots in cost-cutting moves, sending shares of the troubled carrier higher on Monday.

Spirit Airlines Delays Jet Deliveries, Furloughs Pilots to Bolster Finances

Spirit Airlines announced that its deferring Airbus deliveries and furloughing hundreds of pilots as it tries to shore up more liquidity and return to profitability.

Spirit Airlines defers Airbus deliveries, furloughing 260 pilots

Spirit Airlines is deferring all aircraft on order from Airbus that were scheduled to be delivered in the second quarter of 2025 through the end of 2026, the discount carrier said Monday.

Spirit to defer Airbus plane deliveries, furlough 260 pilots this year

As a result of the deferrals, along with quality issues with engines made by supplier Pratt & Whitney, Spirit is furloughing pilots effective Sept. 1.

Cash-strapped Spirit Airlines to defer Airbus deliveries, furlough 260 pilots

Spirit Airlines shares moved higher on Monday after the airline announced it was deferring an Airbus Group (EPA:AIR) aircraft order to bolster liquidity following its terminated merger with JetBlue Airways (NASDAQ:JBLU) last month. The order, which was scheduled to be delivered in the second quarter of 2025 through to the end of 2026, will be pushed back to 2030 to 2031 which Spirit said would improve its liquidity position by approximately $340 million over the next two years.

Spirit Airlines to delay Airbus deliveries, stand down pilots to boost cash position

The ultra-low-cost carrier said Monday it has agreed to defer all aircraft orders scheduled for delivery in the second quarter of 2025 through the end of 2026 until 2030-2031.

Spirit Airlines Delays Airbus Deliveries to Boost Liquidity. It Could Help Boeing-Exposed Carriers.

Spirit Airlines is pushing back delivery of Airbus aircraft, prompting pilot furloughs later this year, as the airline looks to boost liquidity following its terminated merger with JetBlue last month.

Spirit Airlines to Defer Plane Deliveries and Furlough Pilots

Spirit Airlines Inc (NYSE: SAVE) says it will defer deliveries of Airbus planes. Shares of the air carrier are slightly in red at writing.

Spirit Airlines to delay Airbus deliveries, furlough pilots

Spirit Airlines said on Monday it has reached an agreement with Airbus to defer all aircraft orders scheduled to be delivered in the second quarter of 2025 through the end of 2026 to 2030-2031, as the company looks to save cash.

Spirit Airlines to delay Airbus aircraft deliveries to save cash

Shares of Spirit Airlines Inc. SAVE, -3.28% fell 0.7% in premarket trading Monday, after the air carrier announced an agreement with Airbus SE EADSY, +1.29% AIR, +1.06% in which Spirit will defer deliveries of aircraft in an effort to improve its liquidity position by $340 million over the next two years. The deferrals are for aircraft ordered to be delivered in the second quarter of 2025 through the end of 2026 to 2030 to 2031.

Spirit Airlines to defer deliveries from Airbus, furlough pilots to boost liquidity

Spirit Airlines said Monday that it will defer deliveries of new Airbus planes and furlough about 260 pilots as it tries to boost liquidity.

Spirit Airlines will defer Airbus orders, furlough 260 pilots in race to shore up liquidity

MIRAMAR, Fla. , April 8, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that it reached an agreement with Airbus to defer all aircraft on order that are scheduled to be delivered in the second quarter of 2025 through the end of 2026 to 2030-2031.

Spirit Airlines Announces Deferral of Airbus Aircraft Deliveries

Spirit Airlines' merger with JetBlue has officially been cancelled. The company has a huge debt problem and is burning a lot of cash.

Should You Buy Spirit Airlines Stock?

The deal with IAE provides a breather to Spirit Airlines (SAVE), which is grappling with liquidity issues.

Spirit Airlines (SAVE) Inks Deal With International Aero Engines

Spirit Airlines' said on Friday it will get a monthly credit from International Aero Engines through the end of 2024 as compensation for Spirit being unable to use aircraft with engine issues.

Spirit Airlines gets credit from IAE that will boost liquidity

It's a high-risk/high-return proposition that won't suit most investors. The collapse of its merger with JetBlue has increased pressure on the airline.

1 Wall Street Analyst Thinks Spirit Airlines Stock Is Going to $4. Is It a Sell?

Airbus , Chief Financial Officer Thomas Toepfer stressed the importance of a stable relationship with supplier Spirit AeroSystems , in a newspaper interview published on Thursday, as rival Boeing mulls plans to buy the firm.

Important to have stable relations with Spirit, Airbus CFO says

The Federal Aviation Administration announced a proposed civil penalty of $146,500 against Spirit Airlines SAVE for alleged violations of the Department of Transportation Hazardous Materials Regulations. The airline is accused of improperly handling packages containing compressed oxygen containers, which it sent to ship on FedEx FDX.

News for Spirit Airlines Stock (SAVE)