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.

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The only low fare daily, nonstop service option connecting South Florida and Nicaragua to resume Nov. 30, 2022 Photos and video available HERE MIRAMAR, Fla. , Aug. 26, 2022 /PRNewswire/ -- Spirit Airlines (NYSE: SAVE) today announced the resumption of its daily, nonstop service connecting Managua (MGA) and Fort Lauderdale (FLL).

Spirit Airlines Resumes Nonstop Flights Between South Florida and Managua, Nicaragua

MIRAMAR, Fla., Aug. 17, 2022 /PRNewswire/ -- Spirit Airlines today announced its operational performance ranked among the industry best in the two-month period following when Spirit's peak summer schedule went into effect on June 5.

Spirit Airlines Delivers Record Summer 2022 Operational Performance

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After being beaten down by the coronavirus pandemic, airline stocks have bounced back strongly over the last year or so.

These Are The Five Best And Worst Performing Airlines Stocks In 2022 (So Far)

Twice, daily service kicks off today with nonstop flights to Las Vegas and ticket giveaways Photos and video available HERE MIRAMAR, Fla., Aug. 10, 2022 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) bright yellow planes soared over Reno's shining neon lights today as the carrier launched its new, nonstop service at Reno–Tahoe International Airport (RNO).

Nevadans Gain Easier Cross-State Travel Option & Exciting Connection Options with Spirit Airlines' Nonstop Service in Reno

Spirit Airlines (SAVE) second-quarter 2022 earnings and revenues increase year over year.

Spirit Airlines (SAVE) Q2 Earnings & Revenues Beat, Up Y/Y

Spirit Airlines Inc. (NYSE:SAVE ) Q2 2022 Earnings Conference Call August 10, 2022 8:30 AM ET Company Participants DeAnne Gabel - Senior Director of IR Ted Christie - Chief Executive Officer Matt Klein - Executive VP and Chief Commercial Officer Scott Haralson - Senior VP and CFO Conference Call Participants Jay Gunning - Evercore ISI Shannon Doherty - Deutsche Bank Scott Group - Wolfe Research Andrew Didora - Bank of America Chris Stathoulopoulos - Susquehanna Savi Syth - Raymond James James Kirby - JPMorgan Operator Welcome to the Second Quarter 2022 Earnings Conference Call. My name is Erica, and I will be your operator for today's call.

Spirit Airlines Inc. (SAVE) CEO Ted Christie on Q2 2022 Results - Earnings Call Transcript

The airline industry remains upbeat about demand, even as analysts worry about inflation. Are any airline stocks buys now?

Are Any Airline Stocks Buys After Industry Earnings, Spirit-JetBlue Deal?

Spirit (SAVE) delivered earnings and revenue surprises of 11.76% and 0.96%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Spirit (SAVE) Reports Q2 Loss, Tops Revenue Estimates

Spirit's expenses soared more than 66% compared with three years ago. Its fuel bill more than doubled.

Spirit Airlines posts loss on surge in costs, expects Florida challenges to continue

Spirit Airlines Inc. SAVE, +0.61% reported Tuesday a narrower-than-expected second-quarter loss and revenue that topped pre-pandemic 2019 levels, amid increased flight volume and higher revenue per seat as demand for leisure travel was "robust" during the peak summer season. The discount air carrier, that agreed in late July to merge with JetBlue Airways Corp. JBLU, -0.58% in a $3.8 billion deal, said net losses narrowed to $52.4 million, or 48 cents a share, from $287.9 million, or $2.73 a share, in the year-ago period, but compared with net income of $114.5 million, or $1.67 a share, in the same period in 2019.

Spirit Airlines revenue rises above pre-pandemic levels, beats expectations amid 'robust' leisure travel demand

MIRAMAR, Fla. , Aug. 9, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today reported second quarter 2022 financial results.

Spirit Airlines Reports Second Quarter 2022 Results

Spirit Airlines reports second-quarter earnings Tuesday, following its merger agreement with JetBlue. Airline stocks were largely up.

Airline Stocks: Spirit Earnings Due As Street Looks Beyond Labor Day

Spirit Airlines finally accepted JetBlue's merger agreement, but the airliner stock is still trading at a premium discount.

Spirit Airlines Stock Is Still a No-Brainer Buy After JetBlue Merger Announcement -- Here's Why

Daily service kicks off today with nonstop flights to Las Vegas and ticket & hotel giveaways Photos and video available HERE MIRAMAR, Fla. , Aug. 5, 2022 /PRNewswire/ -- Getaways to and from "The City of Trees" are easier than ever with today's launch of Spirit Airlines' (NYSE: SAVE) first Idaho service at Boise Airport (BOI).

Spirit Airlines' First Idaho Flight Takes to the Sky with the Launch of Nonstop Service from Boise

Wall Street has never liked JetBlue. It forced out two CEOs and now, it doesn't like the planned $3.8 billion acquisition of Spirit.

Nobody Likes JetBlue's Deal For Spirit. What If It Works?

Daily service kicks off today with nonstop flights to Las Vegas and ticket giveaways Photos and video available HERE MIRAMAR, Fla., Aug. 3, 2022 /PRNewswire/ -- Spirit Airlines' (NYSE: SAVE) iconic black and yellow planes soared above the Land of Enchantment today as the airline launched service at Albuquerque (ABQ) for the first time.

Spirit Airlines Celebrates its New, Nonstop Service to Albuquerque with a 'Spiritaneous' Giveaway

Spirit Airlines is unarguably a good buy for JetBlue Airlines.

What's Special About Spirit Airlines? Our Airlines Stock of the Week

JetBlue is setting its sights on getting rid of Spirit's tight seating and basic cabins.

From legroom to airfare: How JetBlue's takeover of Spirit could change air travel

JetBlue reached a deal to purchase Spirit on Thursday, but J.P. Morgan says investors should be selling the stock.

A Spirit Deal Is Finally Here. Why That Made This Bull Turn Bearish.

Spirit Airlines Inc Chief Executive Ted Christie had been dismissive of the possibility that regulators would allow his low-cost U.S. airline to be sold to JetBlue Airways Corp for the last four months.

How Spirit Airlines CEO Christie did his JetBlue deal U-turn

JetBlue Airways Corp and Spirit Airlines Inc face an uphill struggle getting U.S. regulators to approve their combination after Spirit talked up the chances of the deal being blocked when it was resisting the $3.8 billion acquisition bid.

Analysis: JetBlue, Spirit brace for tough regulatory review

JetBlue Airways Corporation (JBLU) and Spirit Airlines (SAVE) announced their boards approved a definitive merger agreement. This is why.

Why JetBlue (JBLU) Is Buying Spirit Airlines (SAVE) In A $3.8 Billion Deal

The chief executives of budget airlines JetBlue and Spirit say their deal will drive down fares for the big four air carriers that dominate the industry. However, one expert says the opposite.

How the Jetblue, Spirit merger will impact fliers

Emerging victorious from a months-long bidding war with Frontier Group Holdings Inc. ( ULCC , Financial), JetBlue Airways Corp. ( JBLU , Financial) announced on Thursday it is buying Spirit Airlines Inc. ( SAVE , Financial) for $3.8 billion.

JetBlue Triumphs Over Frontier in Spirit Bidding War

JetBlue Airways Corp. may have won the tug-of-war for ultra low-cost Spirit Airlines Inc., but investors are seeing plenty of upside for Frontier Group Holdings Inc., with shares of the former Spirit suitor rallying on Thursday.

News for Spirit Airlines Stock (SAVE)